Douglas Fur is a small manufacturer of fake-fur boots in San Diego. The following table shows the company's total cost of production at variousproduction quantities.Fill in the remaining cells of the table.Quantity Total Cost Marginal Cost(Pairs) (Dollars) (Dollars)0123456120210270315380475630Fixed Cost(Dollars)Variable Cost Average Variable Cost(Dollars) (Dollars per pair)Average Total Cost(Dollars per pair)On the following graph, plot Douglas Fur's average total cost curve (ATC) using the green points (triangle symbol). Next, plot its average variablecost curve (AVC) using the purple points (diamond symbol). Finally, plot its marginal cost curve (MC) using the orange points (square symbol).Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.(?)COSTS (Dollars per pair)24021018015012090603000345QUANTITY OF OUTPUT (Pairs of boots)126ATCAVCMC

Total cost = Total Fixed cost + Total variable cost Average variable cost = Total Variable…

Answered: uglas Fur is a small manufacturer of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table below shows the monthly cost of producing vintage model cars for collectors. Instructions: Enter your answers as a whole number. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Vintage Model Car Production Costs Output 0 100 200 300 400 Total Fixed Cost (dollars) $3,000 3000 3000 3000 3000 Total Variable Cost (dollars) 1,200 1,700 3,700 III Total Cost (dollars) $3,000 5,700
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1,200 B TC 1,000 850 700 TVC A 500 2 3 Number of microwave ovens 6. Refer to the figure above. Based on the information shown, the average fixed costs of producing two units of output are: 500 Cost in dollars
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