Homework Answers
Ans)- We know that-
Average cost = Total cost / quantity produced
so in the above table, quantity produced is 6 units and corresponding total cost at 6 units of output is 69.
so,
Average cost = 69/6 = 11.5
hence here 3rd option is correct. i.e. average cost for producing 6 units of output is 11.5.
Add Answer to:
2 3 4 5 6 Consider the cost data below: Output 0 1 Total Cost (8)...
Consider the cost data below: 3 4 5 6 Output 0 1 2 Total Cost ($)...
Consider the cost data below: 3 4 5 6 Output 0 1 2 Total Cost ($) 24 33 48 54 61 69 Consider the accompanying table. The average cost of producing 3 units of output is: 41 $14 $13.67 $48 $16 $12
Answer the next question based on the following data. Output Total Cost 0 $24 1 33...
Answer the next question based on the following data. Output Total Cost 0 $24 1 33 2 41 3 48 4 54 5 61 6 69 The fixed cost of production is Multiple Choice $9. $33. $12. $24.
Given the following table: Output -------- Total Cost 0 ----------------- 45 1 ----------------- 54 2 -----------------...
Given the following table: Output -------- Total Cost 0 ----------------- 45 1 ----------------- 54 2 ----------------- 62 3 -----------------69 4 ----------------- 75 5 ----------------- 82 6 ----------------- 90 Part 1: The TVC of producing 4 units of output is: Part 2: The AFC of producing 6 units of output is: Part 3: The marginal cost of producing the fifth unit of output is: Part 4: The ATC of producing 5 units of output is:
- 4 Average Fixed Average Variable Average Total Total Product Cost Cost Cost Marginal Cost 1...
-
4 Average Fixed Average Variable Average Total Total Product Cost Cost Cost Marginal Cost 1 $100.00 $17.00 $117.00 $17 2 50.00 16.00 66.00 151 3 33.33 15.00 48.33 13 25.00 14.25 39.25 121 5 20.00 14.00 34.00 13 6 16.67 14.00 30.67 14 7 14.29 15.71 30.00 26 8 12.50 17.50 30.00 30 9 11.11 19.44 30.55 35 10 10.00 21.60 31.60 41 11 9.09 24.00 33.09 48 121 8.33 26.67 35.00 56 The accompanying table gives cost data...
2. 3. 4. 5. 6. 7. 8. A firm's average fixed cost (AFC) is 10 when...
2.
3.
4.
5.
6.
7.
8.
A firm's average fixed cost (AFC) is 10 when it produces Q=2. Then at Q=5, AFC is ... ОА. 8 Ов. 2 ос. 20 In a perfectly competitive market, the demand for a single firm's product is always O A. perfectly inelastic. O B. exactly as elastic as the market demand curve. O C. inelastic, but not perfectly inelastic. O D. perfectly elastic. As a firm's output increases: O A. average variable cost...
Suppose a binary tree data (in tiny written size) is stored in an array (A) as...
Suppose a binary tree data (in tiny written size) is stored in an array (A) as given below and root is placed at “0”index. Note the array indices are in larger written size (0 to 74). Show the traversal data of the given tree for a) In-Order Traversal b) Post Order Traversal A 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 3 28 13 36 15 9 22 44 7 10 75 33 19 15...
48 57 Amy Bakery has four shops in different area in a city. Monthly sales (in...
48 57 Amy Bakery has four shops in different area in a city. Monthly sales (in thousands of dollars) from a random of 24 months from each of the 4 shops given in Table 1. Table 1: Monthly sales (in thousands of dollars) North East South West 77 75 97 60 45 42 60 54 56 49 68 47 44 39 58 57 63 61 69 51 75 63 79 50 90 81 99 73 32 47 46 41 41...
(9 marks) 6) The data below shows the mass of 40 students in class. The measurement...
(9 marks) 6) The data below shows the mass of 40 students in class. The measurement is the nearest kg. 55 70 57 73 55 64 60 48 59 72 58 54 69 51 63 78 75 64 65 57 71 78 76 62 66 62 61 53 67 49 76 63 63 76 52 76 71 61 56 71 A) Construct a frequency distribution table with 7 classes for the data given above? B) Draw the histogram for the...
Consider total cost and total revenue given in the following: (Quantity/Total Cost/Total Revenue): (0/8/0), (1/9/8), (2/10/16), (3/11/24), (4/13/32), (5/19/40), (6/27/48), (7/37/56) Can you tell whether this firm is in a competitive industry
Consider total cost and total revenue given in the following: (Quantity/Total Cost/Total Revenue): (0/8/0), (1/9/8), (2/10/16), (3/11/24), (4/13/32), (5/19/40), (6/27/48), (7/37/56) Can you tell whether this firm is in a competitive industry? If so, can you tell whether the industry is in a long-run equilibrium? Isn't this firm a competitive industry since the price is equal to the marginal revenue? This is obviously a competitive industry because the average revenue is always the same. But the euqilibrium is not the...
Use the following data to answer questions # 5-6 Quantity of Output Total Fixed Cost $50...
Use the following data to answer questions # 5-6 Quantity of Output Total Fixed Cost $50 50 $50 $50 $50 50 $50 $50 Total Variable Cost $40 568 590 $100 $150 $240 $315 $400 5. Using the information in the table above, the average total cost of producing five units of A] $40 (8] $50 C] $150 D] $200 ing the infomation in the table above, the marginal cost of the seventh unit of output is [A] $50 B] S75...
Consider the cost data below: 3 4 5 6 Output 0 1 2 Total Cost ($) 24 33 48 54 61 69 Consider the accompanying table. The average cost of producing 3 units of output is: 41 $14 $13.67 $48 $16 $12
-
4 Average Fixed Average Variable Average Total Total Product Cost Cost Cost Marginal Cost 1 $100.00 $17.00 $117.00 $17 2 50.00 16.00 66.00 151 3 33.33 15.00 48.33 13 25.00 14.25 39.25 121 5 20.00 14.00 34.00 13 6 16.67 14.00 30.67 14 7 14.29 15.71 30.00 26 8 12.50 17.50 30.00 30 9 11.11 19.44 30.55 35 10 10.00 21.60 31.60 41 11 9.09 24.00 33.09 48 121 8.33 26.67 35.00 56 The accompanying table gives cost data...
2.
3.
4.
5.
6.
7.
8.
A firm's average fixed cost (AFC) is 10 when it produces Q=2. Then at Q=5, AFC is ... ОА. 8 Ов. 2 ос. 20 In a perfectly competitive market, the demand for a single firm's product is always O A. perfectly inelastic. O B. exactly as elastic as the market demand curve. O C. inelastic, but not perfectly inelastic. O D. perfectly elastic. As a firm's output increases: O A. average variable cost...
48 57 Amy Bakery has four shops in different area in a city. Monthly sales (in thousands of dollars) from a random of 24 months from each of the 4 shops given in Table 1. Table 1: Monthly sales (in thousands of dollars) North East South West 77 75 97 60 45 42 60 54 56 49 68 47 44 39 58 57 63 61 69 51 75 63 79 50 90 81 99 73 32 47 46 41 41...
(9 marks) 6) The data below shows the mass of 40 students in class. The measurement is the nearest kg. 55 70 57 73 55 64 60 48 59 72 58 54 69 51 63 78 75 64 65 57 71 78 76 62 66 62 61 53 67 49 76 63 63 76 52 76 71 61 56 71 A) Construct a frequency distribution table with 7 classes for the data given above? B) Draw the histogram for the...
Use the following data to answer questions # 5-6 Quantity of Output Total Fixed Cost $50 50 $50 $50 $50 50 $50 $50 Total Variable Cost $40 568 590 $100 $150 $240 $315 $400 5. Using the information in the table above, the average total cost of producing five units of A] $40 (8] $50 C] $150 D] $200 ing the infomation in the table above, the marginal cost of the seventh unit of output is [A] $50 B] S75...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago