Given the table below, what is the total fixed cost when 400 units of output are produced? SHOW ALL YOUR COMPUTATIONS, place the formulas used
|
Output |
Total Cost |
Total Fixed Cost |
Total Variable Cost |
Average Fixed Cost |
Average Variable Cost |
Average Total Cost |
Marginal Cost |
|
100 |
560 |
60 |
|||||
|
200 |
4.00 |
||||||
|
300 |
4.00 |
||||||
|
400 |
7.00 |
a. $500
b. $2000
c. $3500
d. $5000
e. none of the above
Given the table below, what is the total fixed cost when 400 units of output are...
Complete the table below output total cost total fixed cost total variable cost average fixed cost average variable cost average total cost marginal cost 100 560 60 200 4.00 300 4.00 400 7.00
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...
Fill out the table, answer
questions at the end.
Avg Total Cost Total Marginal Marginal Revenue Revenue Cost Perfect Competition Price of output: $10 Fixed costs: $200 Avg Variable Fixed Total Variable Avg Fixed Output Cost Cost Cost Cost Cost $0 10 $50 $250 $20.00 20 $90 $4.50 30 $160 $360 $5.33 $6.67 $225 $300 $500 $6.00 $4.00 $395 70 $510 $710 $7.29 $2.86 80 $640 $8.00 1. What is the profit-maximizing level of output? 2. What are profits at...
Marginal Cost (dollars) Marginal Physical Total Total Product of Variable Fixed Variable Input Fixed Input Input Variable Cost Cost Output (units) (units) (units) (units) (dollars) (dollars) $500 $0 $500 $200 $500 $400 $500 $600 $500 $800 $500 $1000 Refer to Exhibit 21-3. The average variable cost of producing 45 units of output is a. S2.44 (E) b. S1.60. c. $2.00. d. S1.33. e. $13.33.
J. (Total Cost and Marginal Cost) Complete the following table, where Lis units oflabor, ais units of output, and MPLis the marginal product of labor. 0 cic di 、<b MPL VC TC MC 1 6 $3 15 3 $9 나 Oò 300 t00 160 a. At what quantity of labor do the marginal returns to labor begin to diminish? b. What is the average variable cost when a-24? c. What is this firm's fixed cost? d. What is the wage...
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
In the table below, What is the average fixed cost (AFC) associated with 2 units of output? Table: Cost Data Quantity Variable Cost Total Cost of Output (VC) (TC) 50 100 50 100 140 190 250 320 120 150 190 240 300 370 $35 Oo $0 $60 $25
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 $10, 880 5 980 Answer the following questions using the table above 1. Fill out the entire table 2. What is the marginal cost of creating the tenth instructional module? 3. What is the average fixed...
Refer to the table below. What is the total cost of this firm when it doesn't produce any output? The following table shows the total output, variable costs, fixed costs, total costs, average total costs, and marginal costs of a firm, with some cells in the table intentionally left blank. Total Output Variable Costs Average Total (units) ks) Fixed Costs ($) Total Cost ($) Cost (5) Marginal Cost (S) 100 n.a. 10 5 10 122 17 8.24 Refer to the...
(10) Total cost increases from £500 to £600 when output increases from 20 to 30 units. Fixed costs are £200. Which of the following is true? A. Marginal cost is equal to fixed cost B. Average cost falls C. Variable cost rises by £200 D. Fixed costs rise