What’s the the total fixed costs 81012Or 15 The image shows a graph depicting cost curves in microeconomics. The vertical axis represents cost, ranging from 0.40 to 0.90. The horizontal axis represents the quantity of output, ranging from 0 to 400.Three curves are displayed:1. **MC (Marginal Cost)**: This curve rises sharply, starting just above 0.50 and increasing to above 0.90 as output increases. This indicates that the cost of producing an additional unit rises significantly as output grows.2. **ATC (Average Total Cost)**: This curve is U-shaped, initially decreasing and then rising. It starts above the AVC curve and joins it on the right. This reflects how average total costs decrease, reach a minimum point, and then increase as output expands.3. **AVC (Average Variable Cost)**: This U-shaped curve starts near 0.50, decreases until reaching a minimum, and then inclines. It is positioned below the ATC curve, indicating that average variable costs are lower than total costs at any given level of output.The graph is useful for understanding cost behaviors, economies of scale, and the relationships between different types of costs.

Answered: What’s the the total fixed costs 8 10…

Business

Economics

What’s the the total fixed costs 8 10 12 Or 15

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Use the table to answer the uestion below: Quantity Total Cost 0 10 1 23 2 32 3 40 4 55 Calculate marginal cost for the third unit?
Ñ6
What is the marginal cost for the first unit 20 30 50 Or 60
Jskxkskd
Your cousin Vinnie owns a painting company with fixed costs of $200 and thefollowing schedule for variable costs:Calculate average fixed cost, average variable cost, and average total cost for eachquantity. What is the efficient scale of the painting company?
The first picture below depicts the cost curves for a representative firm in this perfectly competitive industry. Initially, there are 100 firms. The second picture depicts market demand. larnginalCost 10 ATC AUC 200 100 600 800 100 1200 1400 10 8. Demaid 20000 10000 60000 80000 100000 120000 140000
Output TFC TVC TC MC ATC A 25 25 В 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 4th unit of output? 40 25 50 Cannot be determined.
Hand write plzzzz asap fst plzzz
6 5 nts eBook Print References Mc Graw Hill Output 0 1 2 3 4 5 6 7 8 9 $ Total Cost $2,500 3,410 4,040 4,480 4,900 5,220 5,540 6,310 7,320 9,710 units variabl Cost $ 0 b. What is the value of total fixed cost? units 910 1540 1980 2400 2720 3040 3810 4820 7210 Marginal Cost 1 c. What is the most productive level of output? $ 910 630 440 420 320 320 770 1010 2390 d. At what output is economic capacity? Output: e. If TFC doubled, what is the marginal cost of the 7th unit? Marginal cost: $ Average Total Cost 1 $ 3410 2020 1493.33 H a 1225 1044 923.33 901.42 915 1078.89 a Average Variable Cost D $ 1 625 500 416.67 35713 312.5 27778
A firm has the following cost curves: Q MC VC FC TC AVC ATC 0 --- 0 30 30 --- --- 112 2 22 26 3207214 4 72 25.5 55015224.4 a) Fill in the blanks.
What is the total variable cost of 2 oil changes?
What is the average variable cost of 4 oil change?