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- Cost MC Select one: ATC AVC ABC D Quantity C in the figure above represents the output level where the firm Quantity a. maximizes profits in the short-run. b. minimizes total costs in the short-run. C. maximizes profits in the long-run. d. minimizes marginal costs in the long-run. e. None of the above.If the marginal cost is above the average cost at a certain level of production and the firmdecides to increase output, then:a. The average cost will increase but the marginal cost will decrease.b. Both the average and the marginal cost will increase.c. The average cost will increase but the average cost will decrease.d. Both the average and the marginal cost will decrease.i. Calculate the marginal cost, marginal revenue and profit for each unitof production. ii. How many units should the firm produce to maximise profit?
- The formula for total fixed cost is Select one OA. TFC TVC-TC B. TFC TC/TVC C. TFC-TC-TVC. O D TFC-TC+TVC27. If a firm will produce an additional unit of good or services, determine what will happen to their costs? a. The total cost will decrease b. The total cost will increase c. The total cost will be the same d. The total cost will be equalcomputation and give illustration through diagram • Behavior of Variable and Fixed Cost • Marginal Cost
- The Mazoon Company paid for the advertisement of their milk and milk products to Oxygen Advertising Agency. Choose the cost incurred by Mazoon company. O a. Production cost O b. Explicit cost O c. All of these O d. Opportunity costFigure 12-4: Price and cost $40.50 36.00 30.00 22.00 20.00 MC ATC AVC 0 130 180 240 66. Refer to Figure 12-4. What is the amount of its total fixed cost? 1. A) $1,080 2. B) $1,440 3. C) $2,520 4. D) It cannot be determined. MR QuantityA firm is producing 20 units with an averagetotal cost of $25 and a marginal cost of $15. Ifit increases production to 21 units, which of thefollowing must occur?a. Marginal cost will decrease.b. Marginal cost will increase.c. Average total cost will decrease.d. Average total cost will increase.
- Kontrol paneli Site ana sayfası Takvim Nişanlar Tüm dersler Soru 9 Total cost is calculated as Henüz cevaplanmadı Lütfen birini seçin: 4 üzerinden O A. the sum of average fixed cost and average variable cost. işaretlenmiş O B. the sum of total fixed cost and total variable cot. P Soruyu işaretle O C. the sum of marginal cost and average cost. O D. the product of average total cost and price. OE the sum of all the firm's explicit costs. ÖNCEKİ SAYFAa. Calculate marginal cost using the formula given in the chapter: ATotal cost/AQuantity. Quantity Variable cost ($) Total cost ($) Marginal cost ($) 0 0 100 1 60 160 2 110 210 100 3 180 280 100 4 270 370 100 5 400 500 100 b. Calculate AVariable cost/AQuantity. Quantity Variable cost ($) AVariable cost Total cost ($) ($)/ AQuantity 0 0 100 1 60 160 100 2 110 210 100 3 180 280 100 4 270 370 100 5 400 500 100Question 6 90- 70 40 30 50 OB. $3,000, OC. $4,500. OD. $2,800. MC 100 ATC AVC 2 Figure shows a firm's marginal cost, average total cost, and average variable cost curves. The firm's total fixed cost is: OA $7,000.