What is the variable cost of production ( per month)

Q: Suppose that Jump A Lot Inc. can produce 12 trampolines a day for a total cost of $1,840. If…

A: For the constant return to scale production technology, the average cost of production remains the…

Q: Joe quits his computer programming​ job, where he was earning a salary of$70,000per​ year, to start…

A: Accounting cost is the cost that is seen as money out from the bank account and recorded in the…

Q: For the production function: Q = 12LK , what happens to average cost as the firm produces more? A.…

A: Given, By putting this value of K in production function:

Q: ort-run cost curves for display (LCD) screens for cell phones. s of producing 300 LCD screens? $999…

A: Fixed cost is the cost that remains same at all levels of output. Variable cost refers to the cost…

Q: Total Cost Analysis The manager of a rival T-shirt stand found that her cost to produce 10 T-shirts…

A: The essence of total cost analysis is to identify all relevant costs over the entire life of a…

Q: The only variable input a janitorial service firm uses to clean offices is workers who are paid a…

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Q: Suppose a pizza parlor has the following production costs: $2.00 in labor per pizza, $1.00 in…

A: Variable cost is that cost that varies with the change in production level. Hence, the variable cost…

Q: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake.A cupcake is sold for…

A: It costs a baker a fixed cost of $420 and variable cost of $2.10 per cupcake. A cupcake is sold for…

Q: Egidio Binaccio designed an ancestry app that allows people to connect with long lost Italian…

A: Costs refer to the expenses that are incurred in the process of production of goods or services.…

Q: What is this firm's efficient scale?

A: The production level at which a company achieves the lowest ATC per unit is referred to as its…

Q: Q10. Label and complete the following daily cost schedule for Company A as directed by the question…

A: here we calculate the total cost and average variable cost and average total cost and marginal cost…

Q: Create a table describing input combinations of labor and wheat flour in producing a certain cake.…

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Q: Explain economies of scale and how to determine if a firm is experiencing it or not from their cost…

A: In a market, economies of scale is considered as one of the competitive advantage of a firm.

Q: 7 A firm has this cost function: C = 4000 - 7Q + 8Q2. The firm is currently producing 5 units of its…

A: Cost Function = C = 4000 - 7Q + 8Q2  where Q = 5

Q: Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza, $4.00 in…

A: Fixed Cost is constant at all units of output produced.  Vraiable Cost changes as the output…

Q: Suppose a pizza parlor has the following production costs: $3.00 in labor per pizza, $4.00 in…

A: Variable cost is the cost that varies with the change in production level. So, the variable cost…

Q: How to calculate the Average cost of producing 1, 2,...15

A: average cost = C/Q = 1000 + 100*Q for every Q we first calculate the C by using the formula C=1000+…

Q: (a) Find the marginal cost function C'(x). C'(x) Use it to estimate how fast the cost is increasing…

A: Answer: Given values: To find: Marginal cost function and marginal cost (at 60,000) Average cost…

Q: What is the total variable cost of 2 oil changes?

A: Total cost is the sum of fixed cost and variable cost.

Q: A company is planning to manufacture mountain bikes. Fixed monthly cost will be $100,000 and it will…

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Q: Suppose a pizza parlor has the following production costs: $3.00 in labor per pizza, $2.00 in…

A: Variable cost is that cost that varies with the change in production level. Hence, the variable cost…

Q: Diminishing returns A cost function of the form C(x) = 1/2 x2reflects diminishing returns to scale.…

A: According to the question, C(x) = ½ X^2 AV(x) = C(x)/x           = ½ x MC(x) = C’(x)             =x

Q: Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza, $3.00 in…

A: Fixed Cost: Fixed costs are expenses that do not vary with the level of production or sales. These…

Q: Which of the following statements about average and marginal cost is INCORRECT? (2) (1) The marginal…

A: MARGINAL COST CURVE: A graph that shows the relationship between a firm's marginal cost in the…

Q: The "Sad Student" Company finds that it costs a total of C(q) = 9720 +500q – 1.5q² +0.005q Dollars…

A: The total cost function is the minimum total cost borne by a firm for any given level of output (q)…