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 | $3,000 | — | — | — |
| 100 | 3,000 | 1,200 | 4,200 | |||
| 200 | 3,000 | 1,700 | 4,700 | |||
| 500 | 3,000 | 4,750 | 7,750 |
rev: 06_28_2018
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
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Following table shows the monthly sales of cars at a
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2
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3
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7
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How much error is there in this forecasting method using
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The table below shows cost and revenue information for Choco
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Instructions: Round your answers to 2 decimal
places.
Choco Lovers Costs and Revenue
Quantity
TC
ATC
MC
of Gift Boxes
($)
($)
($)
20
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6.75
6
25
162.5
6.5
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7
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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
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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
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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...
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9
7
9
February
8
6
9
March
8
7
10
April
10
9
6
Without using excel or any other
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2
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4
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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).
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