A firm has fixed costs of $100 and variable costs of the following: a. Show AFC, ATC,
Question:
A firm has fixed costs of $100 and variable costs of the following:
a. Show AFC, ATC, AVC, and MC in a table.
b. Graph the AFC, ATC, AVC, and MC curves.
c. Explain the relationship between the MC curve and the AVC and ATC curves.
d. Say fixed costs dropped to $50. Which curves shifted? Why?
Transcribed Image Text:
Output Variable costs 1 2 3 4 5 6 7 8 9 $35 75 110 140 175 215 260 315 390
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
c Relationship between the MC curve and the AVC and ATC curves The MC curve intersects the AVC a...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A firm has fixed costs of $60 and variable costs as indicated in the table at the bottom of this page. Complete the table and check your calculations by referring to question 4 at the end of Chapter....
-
The next annual dividend paid by the company (D1) will be $3.35 per share. Constant growth =2.50%. Required: If the stock's price=$50.3 per share, what's the required return? Hint: recall the...
-
A company is a product testing a new medical device. Each day the device is tested on 25 subjects. A QC statistician is hired to calibrate the device so it accurately detects high or low levels of a...
-
A load must be suspended 6 m below a high ceiling using cables attached to two supports that are 2 m apart (see figure). How far below the ceiling (x in the figure) should the cables be joined to...
-
Several people have written that Twitter is one of the most creative developments in the history of business and the world in general. What is your opinion about Twitter as a powerfully creative...
-
For the original concrete composite post design of Problem 1.13, assume that the steel rods are made of 4340 steel, and that the rods are to be replacedby IM9 carbon fiber bundles of the same length...
-
Name three features that assist organizations in gaining an insight into the health of the company and speed up cycle times.
-
Brookdale Products, Inc., located in Mahtomedi, Minnesota, produces two lines of electric toothbrushes: Deluxe and Standard. Because Brookdale can sell all the toothbrushes it can produce, the owners...
-
At maturity, after the last coupon payment, which bond has a price higher than par? Bond Price Coupon Rate Maturity A 101.886 5 2 B 100 6 2 C 97.327 5 3
-
For each of the following indicate what costs are being calculated: a. FC + VC b. TC/Q c. FC/Q d. VC/Q e. AFC + AVC
-
Explain how each of the following will affect the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer: a. New union agreement...
-
Generalize the preceding exercise to any Hilbert space. Specifically, let S be a nonempty, closed, convex set in Hilbert space X and y B S. Let Then there exists a sequence (xn) in S such that || xn...
-
Tracy bought a dozen of her mother's favorite flowers for $9.00. How much did each flower cost? Show your thinking. Gavin also bought a dozen flowers for his mother, but her favorite flowers cost...
-
11. Using the information given below, how much did it cost to operate the vehicle per month? $41.56 oil $175/month gas $48.00 wiper fluid $12.00 air filter 3.29 $1129.43 insurance $327.18/ monthly...
-
Wesley bought two 2-way radios for $59.99 each, 2 surge protectors at $19.99 each, a wireless printer router for $79.98, and 3 color ink cartridges at $34.99 each. What is the total purchase price if...
-
Computing the area of the region R = {(x, y) | x 1,0 y 1/x} gives rise to the integral 1 dx X and it is not difficult to show that this integral diverges, so the area of the region is infinite...
-
A Gaussian beam with a minimum spot size of 20 m is focused by a thin lens with a focal length of 5 mm that is placed 10 mm from the beam waist. Calculate the location and size of the new beam waist....
-
Eddie Edwards and Phil Bell own and operate The Second Hand Equipment Shop. The following transactions involving notes and interest were completed during the last three months of 20--: Oct. 1 Issued...
-
Doorharmony Company makes doorbells. It has a weighted- average cost of capital of 5% and total assets of $ 5,900,000. Doorharmony has current liabilities of $ 750,000. Its operating income for the...
-
Why is debt service an important measure of whether debt is a problem?
-
Assume that a country's real growth is 2 percent per year, while its real deficit is rising 5 percent a year. a. Can the country continue to afford such deficits in-definitely? b. What problems might...
-
Your income is $40,000 per year; your expenditures are $45,000. You spend $10,000 of that $45,000 for tuition. Is your budget in deficit or surplus?
-
What is Embedded Firmware? What are the various methods available for developing Embedded Firmware? (ii) Explain the role of Reset circuit in Embedded System. (iii) Explain the role of Real Time...
-
Evaluate the performance of the Aurora Textile Company over the past 4 years. Calculate the ratios below (use year-end values) and comment on the job you think Aurora management is doing with their:...
-
A new primary care physician moved into the area and approached your hospital to partner with her as she begins a new practice in the community. Because the administration is always anxious to...
Study smarter with the SolutionInn App