Homework Answers
a)
| Output | TFC($) | TVC($) | TC($) | MC($) | AFC($) (TFC/Q) | AVC($) (TVC/Q) | ATC($) (TC/Q) |
| 0 | 160 | 0 | 160 | - | - | - | - |
| 1 | 160 | 90 | 250 | 90 | 160.0 | 90.0 | 250.0 |
| 2 | 160 | 140 | 300 | 50 | 80.0 | 70.0 | 150.0 |
| 3 | 160 | 180 | 340 | 40 | 53.0 | 60.0 | 113.0 |
| 4 | 160 | 250 | 410 | 70 | 40.0 | 63.0 | 103.0 |
| 5 | 160 | 340 | 500 | 90 | 32.0 | 68.0 | 100.0 |
| 6 | 160 | 456 | 616 | 116 | 27.0 | 76.0 | 103.0 |
| 7 | 160 | 602 | 762 | 146 | 23.0 | 86.0 | 109.0 |
| 8 | 160 | 782 | 942 | 180 | 20.0 | 98.0 | 118.0 |
b) average product will be maximum at 5 units as after this level of production ATC starts increasing
c) at this output level the value of average total cost will be $100
d) 5 units (because this is the output level at which average and marginal costs crosses each other)
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Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate Invoice cost Shipping charges Import taxes and duties Interest (6.ex) on $2,240 borrowed from the bank to finance the purchase $2,248 181 160 11.11 points 134 $2,715 Required: Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system (if no entry is required for a transaction/event, select "No journal entry...
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connec Platom omework Saved Check my work mode : This shows what is correct or incorrect for the work y Income Statements For Year Ended December 31 Unadjusted Adjusted $24,000 42,500 $66,500 $28,800 42,500 71,300 Revenues Fees earned Commissions earned Total revenues Expenses Depreciation expense Computers Depreciation expense-Office furniture Salaries expense Insurance expense Rent expense office supplies expense Advertising expense Utilities expense Total expenses Net income @ 12,500 @ 4,500 1,200 1,400 14,460 1,040 4,500 384 3,000 1, 306 27,...
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