You have the following information about long-run total cost for the following firms: Quantity Arnold’s Apples LRATC Belle’s Bananas LRATC Cam’s Cantaloupes LRATC 1 120 33 42 2 140 72 68 3 160 117 98 4 180 168 132 5 200 225 170 6 220 288 212 7 240 357 258   Do any of these firms experience diseconomies of scale? How do you know?

Q: Using the numbers representing short run costs in the chart below, calculate the number that belongs…

A: We have blank for MC at q=5.

Q: You are given the following cost data: Total fixed costs are $60. 9 0 1 2 3 4 5 6 TVC 0 25 40 60 90…

A: Total cost is a sum of fixed cost and variable cost. Fixed cost remains unchanged throughout…

Q: Sarah's copy shop can use four alternative plants. The figure shows the average total cost curves…

A: Answer -  Long run average cost curve - The long-run average cost curve shows the cost of producing…

Q: a. How many barrels of oil will the firm extract in the first year? million barrels b. Suppose the…

A: The company will extract that quantity (Q) at which the price of extracting and the price of selling…

Q: P 100 er. 5 ATC AVC

A: Fixed cost refers to the cost that remains same at all levels of output. This cost does not depend…

Q: The following table shows data for quantity (Q), variable cost (VC), and fixed cost (FC) for a ski…

A: Since you have posted multiple questions, will be answering only the first part.

Q: Es is $90, so you should start your MC curve by placing an ange squa e: Plot your points in the…

A: The MC is related to AVC and ATC. These costs will fall as long as the marginal cost is less than…

Q: The United Kingdom started regulating the size of grocery stores in the early 1990s, and today, the…

A: Economies of scale basically refer to the cost advantages that a business can achieve as it…

Q: boots is $95, so you should start your MC curve by placing an orange square at (0.5, 95).) Note:…

A: Given Quantity and Total cost where, MC = change in TC / Change in Qty FC = 60 remains fixed at…

Q: ane's Juice Bar has the following cost schedules: In the following table, complete the marginal…

A: Total cost is the total expenditure done by a firm on the production process. The total cost…

Q: The table below shows the cost of production for Coca-cola 200 ml. please answer the table graph…

A: The table below shows the cost of production for Coca-cola 200 ml. Please answer the table Graph…

Q: Quantity of cars Oa Ob Oc Od 1-8 6-8 1 2 46 3 4 5 6 7 8 LRATC of car $30,000 20,000 The wagon is a…

A: A firm which is long-run average total cost (LRATC) shows the average cost per unit of output over a…

Q: The pizzeria's fixed cost is $ Complete the third column of the following table by calculating the…

A: Fixed cost is independent of quantity. It is the total cost when no quantity is produced. Variable…

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

A: The given table can be completed by using the following equations.

Q: Suppose a firm producing table lamps has the following​ costs: Quantity Average Total Cost ​1,000…

A: The evaluation of the discussion between Ben & Jerry can be done as understanding the fact that…

Q: Nimubs, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the…

A: Cost functions are crucial tools for understanding and analyzing the cost framework for a firm's…

Q: a. The payment she makes on her fire insurance policy b. The payment she makes to buy pizza dough c.…

A: DISCLAIMER, “Since you have asked multiple question, we will solve the first three subparts for you,…

Q: Use the table to answer the uestion below: Quantity          Total Cost  0…

A: Total fixed cost (TFC): - it is the cost incurred on the fixed capital assets like land, building,…

Q: Graph the average variable cost, average total cost and marginal cost curves.…

A: Here in the question, we have the quantity production(in thousands) and the cost schedule for a firm…

Q: Which graph correctly represents the relationship between all three cost curves? O Cost MC Cost АТС…

A: The relationship between curves: The MC curve cuts the ATC and AVC at the minimum and ATC>AVC.

Q: When output is zero, total fixed cost is zero. O True O False

A: Total fixed cost it is cost that do not vary with level of output.

Q: In the short run, even when output is zero, the firm still has some variable costs it must pay." Is…

A: Concepts related to the question: i). Shutting down point- The point at which it is thought by the…

Q: A firm has the following average total cost curves: Quantity ATC11 ATC22 ATC33 ATC44 1 100 150 50…

A: Answer-

Q: Which of the following graphs shows average fixed cost?

A: Fixed cost is the part of total cost that does not change with production.

Q: You have the following information about long-run total cost for the following firms: Quantity…

A: Economies of Scale refers to the lower average costs of production as a firm operates on a larger…

Q: 127 Instructions: Enter your answers as a whole number. a. Calculate marginal cost using the formula…

A: Marginal cost is the change in the total cost due to the change in the quantity. MC = dTC /dQ  here…

Q: the seemingly 'variable' costs of hourly workers were made burdensome by union agreements whereby…

A: Part (a)   In principle, the worker's salaries are always a variable cost.   But according to the…

Q: Jane's Juice Bar has the following cost schedules: In the following table, complete the marginal…

A: The formulae for average cost(AC), average variable cost(AVC) and marginal cost(MC) are…

Q: You have the following information about long-run total cost for the following firms: Quantity…

A: When production is at the lowest point of LRAC (minimum LRAC), the firm is said to experience…

Q: Macmillan Learnin (Figure: The Cost Curves for Charlie's Cookie Confections) Use Figure: The Cost…

A: Total costs TC equals TFC plus TVC. Total fixed costs (TFC) are the total payment of the firm on…

Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.