Homework Answers
Ans: $70
Explanation:
Total cost of producing 4 units of output = ATC * Quantity = $45 * 4 = $180
Total cost of producing 5 units of output = ATC * Quantity = $50 * 5 = $250
Marginal cost = Change in total cost / Change in Quantity
Marginal cost of the 5th unit = ( $250 - $180 ) / ( 5 -4 ) = 70 / 1 = $70
Add Answer to:
A firm is producing 4 units of output at an average total cost of $45. When...
A firm is producing 4 units of output at an average total cost of $50. When...
A firm is producing 4 units of output at an average total cost of $50. When the firm produces 5 units of output, average total cost falls to $45. What is the marginal cost of the fifth unit of output? A. $10 B. $25 C. $45 D. $70
Refer to the table below. What is the total cost of this firm when it doesn't...
Refer to the table below. What is the total cost of this firm when it doesn't produce any output? The following table shows the total output, variable costs, fixed costs, total costs, average total costs, and marginal costs of a firm, with some cells in the table intentionally left blank. Total Output Variable Costs Average Total (units) ks) Fixed Costs ($) Total Cost ($) Cost (5) Marginal Cost (S) 100 n.a. 10 5 10 122 17 8.24 Refer to the...
e total cost 19. For a certain firm, the 10th unit of output marginal cost of...
e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production of the 10th it fo r of outputut the firm produse marinat revenue of land them the firm's profi not the 100th unit of t h e firm's average total costs C. Firm's profit-maximize ve futut is less than 100 units. d. production of the 101st unit of output the lost unit of output must increase the firm's...
please show work Shanno 4. Suppose a firm is producing 5 units of output, and V is 15 What is 5. Suppose that when a...
please show work
Shanno 4. Suppose a firm is producing 5 units of output, and V is 15 What is 5. Suppose that when a firm adds 2 units of Lit adds 10 units to output. If the firm is paying $2 per unit of what is MC between 2 and 10 units of output? 6. Suppose that the variable cost of producing 5 units of output is $10, and the ATC of producing 5 units of output is $4....
A firm is producing 100 units of output at a total cost of $800. The firm’s...
A firm is producing 100 units of output at a total cost of $800. The firm’s average variable cost is $3 per unit. The firm’s: average fixed cost is $3 marginal cost is $8 total variable cost is $500 total variable cost is $300
6. A price-taker firm is currently producing 50 units of output at an average total cost...
6. A price-taker firm is currently producing 50 units of output at an average total cost of $3 per unit. If the market price is $7, then the firm's total economic profit is a. $4. b. $150. c. $200. d. $350.
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:
QUESTION 49 A firm is currently producing where MC-55 and MR-$10. This firm is profit-maximizing under-producing...
QUESTION 49 A firm is currently producing where MC-55 and MR-$10. This firm is profit-maximizing under-producing over-producing no conclusion can be made QUESTION 50 2 poin A firm should increase its production when marginal revenue rises and marginal cost stays the same marginal cost rises and marginal revenue stays the same both marginal cost and marginal revenue are falling both marginal cost and marginal revenue are rising Question Completion Status: If the firm produces 120 units of output with 12...
Problem3 In the short run, a firm's total costs of producing 5 units of output equal...
Problem3 In the short run, a firm's total costs of producing 5 units of output equal $95. If it produces 6 units its total costs will increase to $117.88. See pages 491-497 a. What is the marginal cost of the 6th unit of output? b. What is the firm's average total cost of producing 5 units? c. What is the firm's average total cost of producing 6 units? d) How is it that the average cost is increasing? Please explain.
Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2...
Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2 workers are hired? a. 15 b. 45 c. 75 d. 120 et de 7. Refer to Figure 13-2. If the figure represented production at a cookie factory, the factory would be experiencing a. diminishing marginal product of workers b. diminishing marginal cost of cookie production c. decreasing cost of cookie production d. decreasing output of cookies. Wose Jan started...
Refer to the table below. What is the total cost of this firm when it doesn't produce any output? The following table shows the total output, variable costs, fixed costs, total costs, average total costs, and marginal costs of a firm, with some cells in the table intentionally left blank. Total Output Variable Costs Average Total (units) ks) Fixed Costs ($) Total Cost ($) Cost (5) Marginal Cost (S) 100 n.a. 10 5 10 122 17 8.24 Refer to the...
e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production of the 10th it fo r of outputut the firm produse marinat revenue of land them the firm's profi not the 100th unit of t h e firm's average total costs C. Firm's profit-maximize ve futut is less than 100 units. d. production of the 101st unit of output the lost unit of output must increase the firm's...
please show work
Shanno 4. Suppose a firm is producing 5 units of output, and V is 15 What is 5. Suppose that when a firm adds 2 units of Lit adds 10 units to output. If the firm is paying $2 per unit of what is MC between 2 and 10 units of output? 6. Suppose that the variable cost of producing 5 units of output is $10, and the ATC of producing 5 units of output is $4....
6. A price-taker firm is currently producing 50 units of output at an average total cost of $3 per unit. If the market price is $7, then the firm's total economic profit is a. $4. b. $150. c. $200. d. $350.
QUESTION 49 A firm is currently producing where MC-55 and MR-$10. This firm is profit-maximizing under-producing over-producing no conclusion can be made QUESTION 50 2 poin A firm should increase its production when marginal revenue rises and marginal cost stays the same marginal cost rises and marginal revenue stays the same both marginal cost and marginal revenue are falling both marginal cost and marginal revenue are rising Question Completion Status: If the firm produces 120 units of output with 12...
Problem3 In the short run, a firm's total costs of producing 5 units of output equal $95. If it produces 6 units its total costs will increase to $117.88. See pages 491-497 a. What is the marginal cost of the 6th unit of output? b. What is the firm's average total cost of producing 5 units? c. What is the firm's average total cost of producing 6 units? d) How is it that the average cost is increasing? Please explain.
Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2 workers are hired? a. 15 b. 45 c. 75 d. 120 et de 7. Refer to Figure 13-2. If the figure represented production at a cookie factory, the factory would be experiencing a. diminishing marginal product of workers b. diminishing marginal cost of cookie production c. decreasing cost of cookie production d. decreasing output of cookies. Wose Jan started...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago