A firm's cost curves are given in the following table. TC 0 45 73 2 97 3 113 4 123 5 142 6 172 7 204 8 244 44444444444 TFC TVC AVC ATC MC 45 0 45 28 28.00 73.00 28 45 52 26.00 48.50 24 45 68 22.67 37.67 16 45 78 19.50 30.75 10 45 97 19.40 28.40 19 45 127 21.17 28.67 30 45 159 22.71 29.14 45 199 24.88 30.50 32 40 9 292 45 247 27.44 32.44 48 10 348 45 303 30.30 34.80 56 Given the data above, describe the shapes of the ATC, AVC, and MC curves. The AVC curve will be and the ATC curve will be The ATC curve will be located the AVC curve. The MC curve will intersect

In 1997 Fuller and coworkers at Texas A&M University estimated the operating costs of cotton gin plants of various sizes. The operating costs of the next to the smallest plant is shown in the following tall 2000 4000 6000 8000 10000 12000 163,200 230,480 301,500 376,160 454,400 536,400 Here is the annual number of bales produced, and y is the dollar total cost. (Use 4 decimal places in your answer) A Determine the best fitting line using least squares. Also determine the square of the correlation coefficient. The best fitting line is C(x)- 37.3203x+82448.0000 The square of the correlation coefficient is ²-0.998719249 B. The study noted that revenue was $63.25 per bale. At what level of production will this plant break even? The revenue equation is R(x)- 63.25x The profit equation is P(x)- 25.9297x-82448 The production will break even when 3179.6725 bales are produced. C. What are the profits or losses when production is 3000 bales? 4000 bales? (Round to the nearest cent.) When 3000…

The figure to the right illustrates the long-run average cost curve for a company that makes motors. Suppose the company produces & thousand moters per month. Is it experiencing economies of scale, diseconomies of scale, or constant returns to scale? If the company produces 4 theusand motors, then it experiences Average total cont 45.00 44.00 40 00 36.00 32.00 28.00 24.00 20.00 16.00 12:00 5.00 4.00 0.00 Long-nun average cost 4610 12 14 16 18 20 Quantity (motors per month in 1,000)

The accompanying table shows the total daily output for a firm producing specialty cakes and operating with a fixed amount of capital. The cost of labour is $200 per unit per day and the fixed cost of the capital is $1500 per day. Click the icon to view the table. 24 28 8 12 16 20 Complete the last four columns of the table. Units of Labour Total Output (per day) (per day) 4 200 24 2450 28 2510 500 1200 1950 2330 2450 $ 1500 2510 $ 4800 $ 1500 $ 5600 TFC TVC $6300 $ 7100 TC MC $ 2.67 $ 1.14 $ 1.07 $ 2.11 $6.67 $ 13.33 AFC $7.5 $3 $ 1.25 $ 0.77 $ 0.64 $ 0.61 AVC $4 $3.2 $2 $ 1.64 $ 1.72 $ 1.96 ATC $ 11.5 $6.2 $ 3.25 $ 2.41 $ 2.36 $ 2.57 $ 2.23 $0.6 (Round your responses to the nearest cent.) b. Assuming that labour is only hired in increments of 4 units, what is this firm's capacity level of output? per day $ 2.83

Output TFC TVC TC MC АТС А 25 25 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 4 25 110 33.75 F 5 25 160 50 What is the average total cost at point F? 37 47 35 Cannot be determined.

Consider the following cost function: C= 0.25q - 49° + 85q + 150: When output is 16 units, average cost is $ (Enter a numeric response using a real number rounded to two decimal places.) When output is 16 units, marginal cost is $ The output level where average variable cost equals marginal cost is units. 20 tv MacBook Air 80 DII F2 F3 F4 FB F10 F11 %23 $ & 3 4 5 8 { [ ン E R Y U P D F G K C V N M command option .. .. ト

Complete the cost table to make it consistent with the given numbers. 0 TC TFC TVC ATC AFC AVC MC 0 20 1 1 2 3 4 3 4 12 5 75 6 7 8 16 24.85 86 9 360 10 540 Plot the total cost functions for the range of output 0-10 on one diagram, and the average and marginal cost functions on another diagram.

TC 400+150Q-3Q2 +0.02Q3 400 Based on this equation, find total fixed cost calculate total fix cost -

Use the cost table below to find the following marginal costs. Output quantity 20 40 60 80 100 120 140 Total variable cost ($) 80 140 210 300 420 600 840 Total fixed Total cost cost ($) ($) 140 8888888 60 60 60 60 60 60 60 What is the marginal cost when output is 20? $ 7 * 200 270 360 480 660 900 Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

The total fixed cost, total variable cost, and total cost curves are shown for a company that produces custom baseball gloves. v Cost ($) 800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 0 1 2 3 4 2nd attempt 5 Price ($) 400 375 350 8 7 8 9 10 11 TC TVC TEC 12 13 14 15 Graph the average total cost curve by first using the point tool to plot points for the average total cost for Q= 1, Q=5, and Q = 14 and then using the curved-line tool to connect them. You may assume that all total costs for these quantities are multiples of $25. Use the formula ATC = TC for your calculations. To refer to the graphing tutorial for this question type, please click here. 15 16 Quantity of gloves produced See Hint O