Question

Fill in the blanks in the following table:

output | total cost | total fixed cost | total variable cost | average fixed cost | average variable cost | average total cost | marginal cost |

100 |
4500 | 3500 | 1000 | 35 | 10 | 45 | |

200 | 9 | 8 | |||||

300 | 9.50 | ||||||

400 | 7300 | 8.75 | |||||

500 | 4890 | 16.78 | |||||

600 | 6000 | 10 | |||||

700 | 5 | 12.50 | |||||

800 | 12150 | 15.19 |

A) complete the table

B) do your numbers in the table illustrate the expected relation between average variable cost and marginal cost? between average total cost and marginal cost?

Answer #1

A.

TC=TVC+TFC

ATC=TC/Q

AVC=TVC/Q

AFC=TFC/Q

MC=TCn-TCn-1

B.

Yes, the expected relation between average variable cost and marginal cost are there because MC is cutting AVC at its minimum point approximately.

Yes, the expected relation between average Total cost and marginal cost are there because MC is cutting ATC at its minimum point approximately.

Fill in the following table with the missing cost
information.
Output
Total Fixed Cost
Total Variable Cost
Total Cost
Average Fixed Cost
Average Variable Cost
Average Total Cost
Marginal
Cost
1
—
—
$650
—
—
—
—
2
—
—
$740
—
—
—
—
3
—
—
—
—
—
—
$120
4
—
$510
—
—
—
—
—
5
$500
—
—
—
—
—
$180

Fill in the blanks for each of the following independent
cases.
Variable
Fixed
Total
Operating
Contribution
Case
Revenues
Costs
Costs
Costs
Income
Margin Percentage
a.
$800
$1,000
$1,600
b.
$2,200
$200
$300
c.
$600
$400
$600
d.
$1,200
$200
25
%

Use the table below to answer the following questions.
Output
Fixed Cost
Variable Cost
Total Cost
Average Fixed Cost
Average Variable Cost
Average Total Cost
Marginal Cost
0
10
1
20
7
2
20
32
6
3
20
41
6.67
13.67
4
20
40
5
20
75
6
20
132
3.33
25.33
7
237
2.86
31
33.86
8
20
356
9
20
515
2.22
57.22
10
20
700
2
A) What is the firm’s minimum efficient scale?
B) How much...

Fill in the blanks in the table below
(20marks)
OUTPUT
PRICE
TOTAL COST
total fixed cost
TOTAL VARIABLE COST
TOTAL REVENUE
MARGINAL REVENUE
MARGINAL COST
PROFIT
0
5
5
1
5
10
2
5
13
3
5
14
4
5
16
5
5
19
6
5
23
7
5
28
8
5
34
Explain the difference between economists and accountants
definitions of profit. What assumption is required such that
the
profit levels you calculated in the table above represent...

3. Cost Tables
(a) Fill in the following table, where TFC = Total Fixed Cost,
TVC = Total Variable Cost, TC = Total Cost, AFC = Average Fixed
Cost, AVC = Average Variable Cost, ATC = Average Total Cost, and MC
= Marginal Cost. Remember the following relationships:
TFC + TV C = TC
AF C = T F C/Q, AV C = T V C/Q, AT C = T C/Q
MC = ∆TC ∆Q
Output (Q)
TFC
TVC
TC...

In the table below you will find a
schedule of a firm’s fixed cost and variable cost. Complete the
table by computing total cost, average fixed cost, average variable
cost, average total cost, and marginal cost.
Total
Total
Average
Average
Average
Total
fixed
variable
Total
fixed
variable
total
Marginal
product
cost
cost
cost
cost
cost
cost
cost
0
80
0
1
80
100
2
80
180
3
80
240
4
80
320
5
80
440
6
80
600...

Table given providing you the total product, fixed cost and
variable cost, you are required to fill the remaining columns:
(marks 20) Total Product Fixed Cost Variable Cost Total cost
Average Total Cost Average Fixed Cost Average variable Cost
Marginal Cost 0 100 0 1 100 90 2 100 170 3 100 240 4 100 300 5 100
360 6 100 450 7 100 540 8 100 650 9 100 780 10 100 930 Table given
providing you the total...

1- Match the following
Total Cost C = Total Cost - Fixed Cost
Fixed Cost A. = Variable Cost + Fixed Cost
Variable Cost B. = Total Cost - Variable Cost
Economic Costs .D. include Opportunity Cost
2- Match the following
Average fixed cost A= fixed cost / quantity
Average variable cost B= Variable cost / Q
Average total cost C= total cost / quantity
Marginal Cost D= Delta total cost / delta quantity
3-
If Marginal Cost is equal...

Total Output
Total fixed cost
Total Variable cost
Total Cost
Average Fixed Cost
Average variable cost
Average total cost
Marginal cost
0
0
24
0
0
0
8
8
8
38
19
27
9
13
59
I need your help on filling in the rest of the chart.
Thank you very much. If it is not to much trouble can you please
explain how you got the answer. again thank you for your
help.

The table shows the cost schedule for Eclipse Enterprise.
Output (Unit)
Total Fixed Cost
(RM)
Total Variable Cost (RM)
Total Cost (RM)
Average Fixed Cost (RM)
Average Variable Cost (RM)
Average Cost
(RM)
Marginal Cost
(RM)
0
20
1
50
2
70
3
86
4
110
5
150
6
206
7
270
Question: Complete the following cost schedule for
Eclipse Enterprise.
My answer table below: (if my answer table wrong, pls correct
it. If possible show calculate getting answer....

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