What will be the average fixed cost if TFC Is $350 and the output is 50 units

Q: Find total cost if average cost is $11 and the output is 24 units

A: Average Cost (AC): - it is the average value of total cost incurred on a specific unite of output.…

Q: 0 Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.…

A: The economic cost is different from the accounting cost. Economics cost involves implicit costs like…

Q: An implicit cost is another name for a(n):     Explicit cost     Production cost     Economic…

A: Option D Implicit cost is a cost to a business that occurs due to the cost of resources that were…

Q: d) Use your graph of P to estimate the number of panels that give maximum profit. e) How would your…

A: Profit is the excess income earned by the producer which is left after paying off all the expenses…

Q: A manufacturing company produces solar panels. The variable costs are $20 per unit and fixed costs a…

A: The revenue is defined as the total income a business receives from selling a good or service to its…

Q: Find variable cost if total cost and total fixed cost are $440 and $80 respectively

A: The information being given is:- Total cost = $440  Total Fixed cost = $80 We have to calculate…

Q: Find the total cost if the fixed cost are 1300 and the variable cost are 1200

A: The monetary worth of goods and services purchased by producers and consumers is referred to as cost…

Q: C(q) = 10 + 15q + 4q2 (a) Find the ATC, AVC, AFC and MC (b) Find the minimum of the ATC and plot…

A: In economics, a cost function represents the relationship between the cost of producing a good or…

Q: If the average variable cost is $2.00 and the average total cost is $8.00 and the marginal cost is…

A: Answer: Note: I am considering that average variable cost, not average available cost as you have…

Q: If total cost is $370 Find the value of total fixed cost if total variable cost is $210

A: According to the above given question, the values given are:- Total cost = $370 Total fixed cost = ?…

Q: Calculate TFC if average fixed cost is $30 and output is 50

A: The information being given is:- Average fixed cost = $30 Output = 50 units  Total Fixed cost = ?

Q: TC = 177 +30Q + 2Q² What is the average variable cost when 9 units are produced? Enter as a value.

A: TC = 177 + 30Q + 2Q2 Since Total cost = Total variable cost + Total fixed cost Total Fixed cost is…

Q: Derive (Mathematically and graphically) the cost minimization condition.

A: Let’s assume the following in order to derive the cost minimization conditions.

Q: Assume that it costs a company approximately C(x) = 400,000 + 160x + 0.003x² dollars to manufacture…

A: Marginal cost is defined as the change in total production resulting from producing an extra unit of…

Q: Required information The delivered-equipment cost for a fully equipped CNC machining system is $5.4…

A: The cost is defined as the expenditure that a firm or business has to bear on producing a good or…

Q: TC = 75 +22Q + 2Q² What is the average variable cost when 15 units are produced? Enter as a value.

A: Given, TC = 75 + 22Q + 2Q2 Units produced(Q) = 15 units

Q: If the Total variable cost is 60units and the given quantity is 3 Find the average variable cost

A:

Q: Big Boss Company produces 125 units of outputat a total cost of $2453. The marignal cost of the…

A: Total cost is the cost incurred in the production of a unit of output. Marginal cost (MC) is the…

Q: If average variable cost is $20 and total fixed cost is $500 at 10 units of output, then average…

A: Total cost implies the total expense incurred in reaching a specific level of output; if the such…