AFC*Q AVC*Q (TFC+TVC) dTC/dQ Q AFC TFC AVC TVC TC MC 1 50 50 100 100...
| AFC*Q | AVC*Q | (TFC+TVC) | dTC/dQ | |||
| Q | AFC | TFC | AVC | TVC | TC | MC |
| 1 | 50 | 50 | 100 | 100 | 150 | |
| 2 | 25 | 50 | 80 | 160 | 210 | 60 |
| 3 | 16.67 | 50 | 66.67 | 200.01 | 250 | 40.02 |
| 4 | 12.5 | 50 | 65 | 260 | 310 | 59.98 |
| 5 | 10 | 50 | 68 | 340 | 390 | 80 |
| 6 | 8.37 | 50 | 73.33 | 439.98 | 490 | 100.2 |
| 7 | 7.14 | 50 | 80 | 560 | 610 | 119.78 |
| 8 | 6.25 | 50 | 87.5 | 700 | 750 | 140.02 |
Does the data in this question follow the law of diminishing returns? Why or why not?
Homework Answers
Diminishing returns implies that average cost rises with rise in output.In this data AC rises after 4th until of output,so it follows law of diminishing returns.
Add Answer to:
AFC*Q
AVC*Q
(TFC+TVC)
dTC/dQ
Q
AFC
TFC
AVC
TVC
TC
MC
1
50
50
100
100...
Complete the following table Q TFC TVC TC AFC AVC ATC MC 0 800 ------ -----...
Complete the following table Q TFC TVC TC AFC AVC ATC MC 0 800 ------ ----- ----- ----- 1 40 2 35 3 296 4 14 5 918
Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete...
Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete the blank columns (5 points). Please create a table like mine and fill it. (b) Assume the price of this product equals $10. What's the profit-maximizing output (q)? (3 points). Note: managers maximize profits by setting MR=MC and under perfectly competitive markets, MR=Price. Thus, maximize profit by producing a where P=MC.(2 points) (c) What is the profit? (3 points) TOTAL COST (TC) - the...
MC TVC AFC AVC ATC TC Output TFC $500 $200 1 2 $800 $75 $875 $925...
MC TVC AFC AVC ATC TC Output TFC $500 $200 1 2 $800 $75 $875 $925 $75 100 Refer to an above table. What is the average variable cost of producing three units of the output? $291.67 o $125 $100 $166.67 问题3 29 问题3 AVC ATC MC AFC Output TVC TC TFC $500 $200 $800 2 $75 $875 4 $925 5 100 $75 Which of the following is correct for this firm with the cost structure presented in the table...
Average total cost is a. AFC + (TVC/Q) b. TC/Q c. (TFC/Q) + (TVC/Q) d....
Average total cost is a. AFC + (TVC/Q) b. TC/Q c. (TFC/Q) + (TVC/Q) d. AFC + AVC e. all of the above Please Help! Thank you!
q TFC TVC TC MC AVC ATC 0 $100 $0 $100 -- -- -- 1 100...
q TFC TVC TC MC AVC ATC 0 $100 $0 $100 -- -- -- 1 100 40 140 40 40 140 2 100 60 160 20 30 80 3 100 90 190 30 30 63.33 4 100 124 224 34 31 56 5 100 180 280 56 36 56 6 100 264 364 84 44 60.67 7 100 372 472 108 53.14 67.42 Refer to Table 9.2. If the market price is $34 and the firm produces 4 units of...
3. Given the data below, compute TR, TC, TFC, TVC, ATC, AVC, AFC, MR, MC, AR,...
3. Given the data below, compute TR, TC, TFC, TVC, ATC, AVC, AFC, MR, MC, AR, and Profit 1 2 3 6 7 8 9 10 11 0 TC = 10 +570 - 80+ TR = 452 - 0 50. Find the profit maximizing level of output and graph all the curves. Note: for both problems. Graph all the total curves together on one graph Graph all the average and marginal curves together on one graph Graph the profit curve...
Q TFC TVC TC AFC AC MC 0 1 200 2 40 3 150 4...
Q TFC TVC TC AFC AC MC 0 1 200 2 40 3 150 4 100 5 400 550 Please elaborate as to how you got the answer for all of these
Consider the following table: uantity TC TFC TVC ATC AFC AVC MC 20 25 29 4...
Consider the following table: uantity TC TFC TVC ATC AFC AVC MC 20 25 29 4 53 63 8 6.5 15 10 20 At what level of output does the firm going from economies of scale to diseconomies of scale? 6 or 7 1 or 2 8 or 9
Variable Resources Output MP TFC TVC TC MC ATC AFC AVC TR MR Profit 0 0...
Variable Resources Output MP TFC TVC TC MC ATC AFC AVC TR MR Profit 0 0 50 0 50 0 -50 1 60 60 50 120 170 2 2.83 0.83 2 141 2.35 -29 2 130 70 50 240 290 1.71 2.23 0.38 1.85 305.5 2.35 15.5 3 200 70 50 360 410 1.71 2.05 0.25 1.80 470 2.35 60 4 260 60 50 480 530 2.00 2.04 0.19 1.85 611 2.35 81 5 310 50 50 600 650 2.40...
Q TC FC TVC MC TR AFC AVC ATC 0 45 45 - 0 - -...
Q TC FC TVC MC TR AFC AVC ATC 0 45 45 - 0 - - - - 1 65 45 20 20 30 45 20 65 2 80 45 35 15 60 22.5 17.5 40 3 90 45 45 10 90 15 15 30 4 105 45 60 15 120 11.25 15 26.25 5 125 45 80 20 150 9 16 25 6 150 45 105 25 180 7.5 17.5 25 7 180 45 135 30 210 6.4 19.28...
Labor TVC TC MC AFC AVC ATC 25 50 75 100 25 125 (a) Complete the blank columns (5 points). Please create a table like mine and fill it. (b) Assume the price of this product equals $10. What's the profit-maximizing output (q)? (3 points). Note: managers maximize profits by setting MR=MC and under perfectly competitive markets, MR=Price. Thus, maximize profit by producing a where P=MC.(2 points) (c) What is the profit? (3 points) TOTAL COST (TC) - the...
MC TVC AFC AVC ATC TC Output TFC $500 $200 1 2 $800 $75 $875 $925 $75 100 Refer to an above table. What is the average variable cost of producing three units of the output? $291.67 o $125 $100 $166.67 问题3 29 问题3 AVC ATC MC AFC Output TVC TC TFC $500 $200 $800 2 $75 $875 4 $925 5 100 $75 Which of the following is correct for this firm with the cost structure presented in the table...
3. Given the data below, compute TR, TC, TFC, TVC, ATC, AVC, AFC, MR, MC, AR, and Profit 1 2 3 6 7 8 9 10 11 0 TC = 10 +570 - 80+ TR = 452 - 0 50. Find the profit maximizing level of output and graph all the curves. Note: for both problems. Graph all the total curves together on one graph Graph all the average and marginal curves together on one graph Graph the profit curve...
Consider the following table: uantity TC TFC TVC ATC AFC AVC MC 20 25 29 4 53 63 8 6.5 15 10 20 At what level of output does the firm going from economies of scale to diseconomies of scale? 6 or 7 1 or 2 8 or 9
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