utput (unit) Total cost (RM) Total fixed cost (RM) Total variable cost (RM) Average fixed cost (RM) Average variable cost (RM) Average total cost (RM) Marginal cost (RM) 0 600 600 - - - - - 10 1050 600 450 60 45 105 45 20 1450 600 850 30 42.5 72.5 40 30 1800 600 1200 20 40 60 35 40 2100 600 1500 15 37.5 52.5 30 50 2450 600 1850 12 37 49 350 60 2850 600 2250 10 37.5 47.5 40 70 3300 600 2700 8.57 38.57 47.14 45 80 3850 600 3250 7.5 40.625 48.125 55 90 4500 600 3900 6.67 43.34 50 65 100 5250 600 4650 6 46.5 52.5 75 Which time period is the firm operating? Why?

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A: Average total cost is the per unit total cost , so here we calculate the average total cost by using…

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Q: Use the cost table below to find the following marginal costs. Output quantity 20 40 60 80 100 120…

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Q: The graph to the right shows the short run. curve for a small manufacturing firm in the 12.0- 11.0…

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Q: Find the value of B. Quantity Total Cost Fixed Cost Variable Cost Average Total Cost Average Fixed…

A: "Average fixed cost measures the fixed cost of production per unit of output."

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A: We know that ,  TC=TFC+TVC AVC=TVC/TP AFC=TFC/TP AC=TC/TP

Q: ATC ATC2 ATC3 ATCA 2 4 10 Quantity (thousands of copies per day) A copy shop is choosing between…

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A: In perfect competition, there are many firms producing identical goods.

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Q: antity Total Cost Marginal Cost Fixed Cost Variable Cost Average Variable Cost Average Total Cost…

A: TC = FC + VC VC = TC - FC MC = (TC2 - TC1)/(Q2 - Q1) AVC = VC / Q ATC = TC / Q

Q: Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the…

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Q: Output TFC TVC TC MC ATC A 25 25 ---- -- 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E 4 25 110…

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Q: The Jones Company has the following cost schedule:   Output Total Cost (Units) (OMR)     0…

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Q: true or false Total variable cost is equal to short-run total cost minus total fixed cost

A: Cost is the monetary value incurred in the production process on Factor of production.

Q: Below is the cost structure for Syarikat Maju Jaya. Output (unit) Total Cost (RM) Total Fixed Cost…

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Q: Solve for   A. Variable and fixed cost   B. Estimated increase in cost for additional days…

A: Cost function = FC+MC* Q Whete VC = MC*Q              FC = cost at Q=0

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Q: construct the cost schedule for a firm operating in the short run  b) Graph the average variable…

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Q: (a) Marginal productivity of labor (b) Average productivity of labor (c) (d) Elasticity of…

A: No of workers (L) No of units (TP) MPL APL elasticity of production 0 0 - - - 1 10 10 10 1 2…