See the cost information in the table below. The marginal cost of the 5th unit is Quantity produced/day Total Cost Variable Cost 0 $100 0 1 $150 $50 2 $175 $75 3 $225 $125 4 $300 $200 5 $400 $300 6 $550 $450
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See the cost information in the table below.
The marginal cost of the 5th unit is
| Quantity produced/day | Total Cost | Variable Cost |
|---|---|---|
| 0 | $100 | 0 |
| 1 | $150 | $50 |
| 2 | $175 | $75 |
| 3 | $225 | $125 |
| 4 | $300 | $200 |
| 5 | $400 | $300 |
| 6 | $550 | $450 |
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- Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?ATC, AAC, AVC, MC (/uni 270.00 24000 21000 180.00 150.00 120.00 10:00 60.00 30.00 0:00 02 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 Units of Output (0) Unit Cost Curves Refer to the graph above. The curves are not labeled. To help get this question right, you must first label the curves. An output level of 18 is identified with the dark vertical line. The shaded rectangular area (height times width) is the O average sunk cost. O total sunk cost O total avoidable fed cost. O total avoidable cost. O None of the aboveSee the cost information in the table below. The marginal cost of the 6th unit is Quantity produced/day Total Cost Variable Cost 0 $100 0 1 $150 $50 2 $175 $75 3 $225 $125 4 $300 $200 5 $400 $300 6 $550 $450 Question 18 options: a) $30 b) $150 c) $100 d) $50
- At what output level is variable costs per unit at a minimum? Supporting Materials Steel Costs $ per ton MC ATC $175 AVC $115 $70 4,000 9,000 11,000 16,500 Steel Outp ut (in tons)If explicit cost are $4400 and the accounting profit is $6000 Calculate the value of total revenueIf output is 34 unit and total cost is $1300 Find average Cost
- swered Costs per Unit (dollars) 1000 900 800 700 600 500 400 300 200 100 0 4 Average total cost B Marginal cost Output (units per day) Average variable cost Average fixed cost 22 24 How many units of output should be produced per day if the price of the product is $600/unit? (provide an approximate answer in whole numbers)Refer to the following: Output 0 50 100 150 200 Total Cost $ 300 800 1050 1650 2400 Average Variable Cost when 150 units of output are produced is $ 9 The additional cost of producing the 117th unit of output is $ Explainthese are the drop down options Washes per hour dollars
- What is the fixed cost? what is the AVC quantity of 10 quantity. Total cost 0. 1000 10. 2000 20. 4000(a) A micro-entrepreneur produces caps and hats for women. The output-cost data of the business is reproduced below: Output Total Cost 50 890 100 920 150 1000 200 1260 250 1470 300 1850 350 2410 Using the above data estimate total cost equation and determine the average and marginal cost functions. Dstermine the output rate that will minimize average tost and the peritQuestion No. 6 A firm manufactures cars at its plant in Swindon. At a capacity of 100 cars per week it knows that it has an assembly cost of £5,000 per car. It needs to expand production and does a series of design and cost exercises. The results are summarized below. |TP(cars/week) 200 400 600 800 1,000 1,200 1,400 1,600 Ass. cost/car 3,000 2,500 2,300 2,200 2,000 2,400 2,800 4,000 (i) Plot the cost curve for the possible factory extensions. (ii) Is this a short run or long run cost curve? (iii) Explain why this curve is U shaped.
