QUESTION 20 Output Fixed Costs Variable Costs $0 Total Costs $100 Average Total Costs Average Variable...

Question

Question

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Firstly we should understand that a firm generally occurs

two type ofcost that are-

fixed cost and variable cost

fixed costs are those cost which are constant in the short run which means they have the same value for each number of output

but variable cost varies as the output increases

from the given table also we can see that variable cost is increasing from $0 to $200 as the output increases from 1 to 5 but fixed cost will remain constant as $100 for whether the output is 0 or 5

so we don't need to fill the whole table

Here the answer is $100

Add a comment

Answer 2

Similar Homework Help Questions

Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1...

Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1 150 100 50 100 50 150 50 2 225 100 125 50 62.5 112.5 75 3 230 100 130 33.33 43.33 76.67 5 4 300 100 200 25 50 75 70 5 400 100 300 20 60 80 100 Graph the average and marginal cost curves from the previous question. What would be the optimal output, assuming you want to minimize diminishing returns?
4. If fixed costs are $100 and variable costs are $200 at an output level of...

4. If fixed costs are $100 and variable costs are $200 at an output level of 30 units, what are the average fixed costs, average variable costs, and average total costs? *Please show all work this time. Quantity Fixed Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 10 5,000 5,500 20 5,000 5,800 30 5,000 6,000 40 5,000 6,100 50 5,000 6,150 60 5,000 6,175
Workers Output Marginal Product Fixed cost Variable cost Total Cost Average Total cost Marginal cost 0...

Workers Output Marginal Product Fixed cost Variable cost Total Cost Average Total cost Marginal cost 0 0 200 0 200 1 20 20 200 100 300 300 5.00 2 50 30 200 200 400 200 3.33 3 90 40 200 300 500 166.67 2.50 4 120 30 200 400 600 150 3.33 5 140 20 200 500 700 140 5.00 6 150 10 200 600 800 133.33 10.00 7 155 5 200 700 900 128.57 20.00 a. Fill in the...

As output (Q) varies, total fixed costs (TFC) and total variable costs (TVC) for a firm...

As output (Q) varies, total fixed costs (TFC) and total variable costs (TVC) for a firm are given by the following: Q TFC TVC 0 30 0 1 30 6.3 2 30 10.4 3 30 14.1 4 30 19.2 5 30 27.5 6 30 40.8 7 30 60.9 8 30 89.6 9 30 128.7 10 30 180 a) Compute total cost, average fixed cost, average variable cost, average total cost and marginal cost and report these in a table similar...
Question 26 1 pts Output Fixed (Q) Costs $500 Variable Costs $200 Total Costs Average Fixed...

Question 26 1 pts Output Fixed (Q) Costs $500 Variable Costs $200 Total Costs Average Fixed Average Average Total Marginal Costs Variable Costs Costs Costs $800 $75 $875 $925 $100 $625 What is the fixed cost of producing 3 units of the good? O $700 O $500 O $875 $375 $1,000
Question 23 1 pts Average Variable Marginal Average Fixed Costs Average Total Costs Costs Total Costs...

Question 23 1 pts Average Variable Marginal Average Fixed Costs Average Total Costs Costs Total Costs Output (Q) Fixed Costs Variable Costs Costs $500 $200 1 $800 2 $875 $75 3 $925 4 $100 5 $625 What is the total cost of producing five units of the good? $1,050 $1,025 $825 $1,000 $950

19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Aver...

19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Average Total Cost 0 $24 $16 $50 $108 Refer to Table 13-16. What is the fixed cost of producing units of output? a. $16 b. $24 C. $12 d. $0 20. Refer to Table 13-16 in Question 19. What is the total cost of producing 2 units of output? a $76 b. $74 C. $58 d. $50 21. Refer to Table 13-16 in...
Cost schedule Total variable Total cost Labor Output (units per day) cost (dollars) (workers) (dollars) 0...

Cost schedule Total variable Total cost Labor Output (units per day) cost (dollars) (workers) (dollars) 0 30 1 3 20 50 2 40 70 3 12 60 90 4 14 80 110 5 15 100 130 In the above table, the total fixed cost is O $20 O $30. O $0. O $50. Question 13 1 pts In the above table, when output increases from 12 to 14 units, the marginal cost of one of those 2 units is O...
Question 4 (3 points) Output (Instructional Modules per Month) Fixed Costs Variable Costs Total Cost Average...

Question 4 (3 points) Output (Instructional Modules per Month) Fixed Costs Variable Costs Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost $ 400 $1.480 $965 5400 $450 3 $2.430 SI 350 $1.900 $2.500 S216 $4,280 $4,100 $5,400 S7-300 $135 $10, 880 5 980 Answer the following questions using the table above 1. Fill out the entire table 2. What is the marginal cost of creating the tenth instructional module? 3. What is the average fixed...

Total Output Total fixed cost Total Variable cost Total cost 0 50 0 50 1 50...

Total Output Total fixed cost Total Variable cost Total cost 0 50 0 50 1 50 70 120 2 50 120 170 3 50 150 200 4 50 220 270 5 50 300 350 6 50 390 440 Answer the next question on the basis of the above cost data for a purely competitive seller: Refer to the above data. Given the $75 product price, at its optimal price the firm will: a. Realize a $25 Economic Profit b. Realize...

QUESTION 20 Output Fixed Costs Variable Costs $0 Total Costs $100 Average Total Costs Average Variable...

Homework Answers

Add Answer to:
QUESTION 20 Output Fixed Costs Variable Costs $0 Total Costs $100 Average Total Costs Average Variable...

Post as a guest

Earn Coins

Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1...

4. If fixed costs are $100 and variable costs are $200 at an output level of...

Workers Output Marginal Product Fixed cost Variable cost Total Cost Average Total cost Marginal cost 0...

As output (Q) varies, total fixed costs (TFC) and total variable costs (TVC) for a firm...

Question 26 1 pts Output Fixed (Q) Costs $500 Variable Costs $200 Total Costs Average Fixed...

Question 23 1 pts Average Variable Marginal Average Fixed Costs Average Total Costs Costs Total Costs...

19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Aver...

Cost schedule Total variable Total cost Labor Output (units per day) cost (dollars) (workers) (dollars) 0...

Question 4 (3 points) Output (Instructional Modules per Month) Fixed Costs Variable Costs Total Cost Average...

Total Output Total fixed cost Total Variable cost Total cost 0 50 0 50 1 50...

QUESTION 20 Output Fixed Costs Variable Costs $0 Total Costs $100 Average Total Costs Average Variable...

Homework Answers

Add Answer to: QUESTION 20 Output Fixed Costs Variable Costs $0 Total Costs $100 Average Total Costs Average Variable...

Post as a guest

Earn Coins

Add Answer to:
QUESTION 20 Output Fixed Costs Variable Costs $0 Total Costs $100 Average Total Costs Average Variable...