Question
In: Economics
The table below shows the monthly cost of producing vintage model cars for collectors for quantities...
The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 200, and 500.
Complete the table by filling in the average fixed cost, average variable cost, and average total cost.
Instructions: Round your answers to one decimal place.
Vintage Model Car Production Costs
| Output | Total Fixed Cost (dollars) | Total Variable Cost (dollars) | Total Cost (dollars) | Average Fixed Cost (dollars) | Average Variable Cost (dollars) | Average Total Cost (dollars) |
| 0 | $3,000 | $0 | $3,000 | — | — | — |
| 100 | 3,000 | 1,200 | 4,200 | |||
| 200 | 3,000 | 1,700 | 4,700 | |||
| 500 | 3,000 | 4,750 | 7,750 |
rev: 06_28_2018
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
Following table shows the monthly sales of cars at a dealership: Month Number of cars Sold...
Following table shows the monthly sales of cars at a
dealership:
Month
Number of cars Sold
1
79
2
79
3
86
4
93
5
101
6
107
7
102
8
What is the Trend equation for the above data?
What is the expected sales for the 8th month based on
the Trend method?
How much error is there in this forecasting method using
MAD?
The table below shows Heather's evaluation of different quantities of pairs of shoes:
The table below shows Heather's evaluation of different quantities of pairs of shoes: Pairs of ShoesTotal UtilityMarginal Utility0$01$1102$2103$2804$3205$350a. (1 pt) Complete the Marginal Utility column in the table above. b. (1 pt) How much is marginal utility when Heather goes from buying 3 pairs of shoes to 4 pairs? What does this number mean? c. (1 pt) Assume that the price of a pair of shoes is $100. How many pairs should Heather buy? d. (1 pt) Prepare a demand schedule showing Heather's demand...
The table below shows cost and revenue information for Choco Lovers, a perfectly competitive firm producing...
The table below shows cost and revenue information for Choco
Lovers, a perfectly competitive firm producing different quantities
of chocolate gift boxes. Fill in the blanks in the table.
Instructions: Round your answers to 2 decimal
places.
Choco Lovers Costs and Revenue
Quantity
TC
ATC
MC
of Gift Boxes
($)
($)
($)
20
135
6.75
6
25
162.5
6.5
30
6.42
6
35
227.5
7
40
272.5
6.81
9
45
327.5
7.28
11
Instructions: Enter your answers below
as whole...
The table below shows the prices and quantities of food items that the typical college student...
The table below shows the prices and quantities of food items
that the typical college student purchased from 2011 to 2014. What
is the amount spent each year on the “basket” of food with the
quantities shown in column 2?
Items
Qty
2011 Price
2011 Amount Spent
2012 Price
2012 Amount Spent
2013 Price
2013 amount Spent
2014 Price
2014 amount spent
Bread
10
1.10
1.12
1.15
1.16
Canned Goods
15
0.86
0.87
0.87
0.90
Meat/Dairy
5
3.15
3.75
4.02...
The table below shows the number of cars (in millions) sold in the United States for...
The table below shows the number of cars (in millions) sold in
the United States for various years and the percent of those cars
manufactured by GM. Year Cars Sold (millions) Percent GM Year Cars
Sold (millions) Percent GM 1950 6.0 50.2 1985 15.4 40.1 1955 7.8
50.4 1990 13.5 36.0 1960 7.3 44.0 1995 15.5 31.7 1965 10.3 49.9
2000 17.4 28.6 1970 10.1 39.5 2005 16.9 26.9 1975 10.8 43.1 2010
11.6 19.1 1980 11.5 44.0 2015 17.5...
The table below shows the number of hybrid cars sold (in thousands) in the US in...
The table below shows the number of hybrid cars
sold (in thousands) in the US in the following
years.
* Source: Wikipedia
Year
Hybrid cars sold in US (in
thousands)
2000
9.35
2002
36.04
2004
84.20
2007
352.27
2010
274.21
2014
452.15
Find an exponential regression equation for the
data. Let x = 0 represent the year 2000. Round a to two decimal
places, and round b to four decimal places.
Describe what a and b tell you from your...
The table below shows the number of cars (in millions) sold in the United States for...
The table below shows the number of cars (in millions) sold in
the United States for various years and the percent of those cars
manufactured by GM. Year Cars Sold (millions) Percent GM Year Cars
Sold (millions) Percent GM 1950 6.0 50.2 1985 15.4 40.1 1955 7.8
50.4 1990 13.5 36.0 1960 7.3 44.0 1995 15.5 31.7 1965 10.3 49.9
2000 17.4 28.6 1970 10.1 39.5 2005 16.9 26.9 1975 10.8 43.1 2010
11.6 19.1 1980 11.5 44.0 2015 17.5...
The following table indicates the average total cost of producing varying quantities of output from 3...
The following table indicates the average total cost of
producing varying quantities of output from 3 different plants:
Output
10
20
30
40
50
60
70
80
Small firm
6,000
5,000
4,000
5,000
6,000
7,000
8,000
9,000
Medium firm
8,000
6,500
5,000
3,500
3,000
4,000
5,000
6,000
Large firm
10,000
9,000
7,500
6,000
4,000
2,500
3,000
3,500
Plot the ATC curves for all three firms on a graph.
What size plant should be used to produce 30 units of output?...
The table below shows monthly sales (in thousands) of different kinds of chocolate at a confectionary...
The table below shows monthly sales (in thousands) of different
kinds of chocolate at a confectionary store. Assume monthly sales
are normally distributed and share the same variance.
Month
Milk Chocolate
White Chocolate
Dark Chocolate
January
9
7
9
February
8
6
9
March
8
7
10
April
10
9
6
Without using excel or any other
technological tool, use ANOVA to test, at the 5% significance
level, the hypothesis that all three chocolates sell equally on
average.
The table below shows the number of cars sold last month by seven employees at Concord...
The table below shows the number of cars sold last month by
seven employees at Concord Motors and their number of years of
sales experience.
Experience
Sales
1
8
2
6
2
7
4
14
5
9
6
13
8
10
Analyze this data (what is correlation coefficient, slope for
regression equation, y intercept for regression equation, standard
error of estimate).
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- A system contains a 0.1 molar solution of NaCl and a 0.01 M solution of NaCl...
- The following tables shows 5 year returns of different funds Mutual Fund Annual Return (%) Year...
- According to the textbook, segmentation variables can be grouped into the following categories: geographic, demographic, psychographic...
- do you think there is the difference between guerrilla marketing and public relationship? Why or why...
- What the eleven project control cycle that makes a project successful? Why control and evaluate projects?...
- 5) Three capacitors, all initially without any dielectrics inserted, of C1 = 3 micro-farads, C2 =...
- Consider the following problem Maximize Z=2x1 + 5x2 + x3 subject to 4x1+...
ADVERTISEMENT