1.) The table below represents the costs of producing jackets. Quantity Fixed Cost Variable Cost Total...

1.)

The table below represents the costs of producing jackets.

Quantity	Fixed Cost	Variable Cost	Total Cost	Average Fixed Cost	Average Variable Cost	Average Total Cost
12	$118	$25	$143	?	?	?
18	$118	$50	$168	?	?	?
26	$118	$75	$193	?	?	?
34	$118	$100	$218	?	?	?
42	$118	$125	$243	?	?	?

Find the average variable cost for producing 42 jackets. Round your answer to the nearest hundredth.

2.) The table below represents the costs of producing sneakers.

Quantity	Fixed Cost	Variable Cost	Total Cost	Average Fixed Cost	Average Variable Cost	Average Total Cost
12	$118	$25	$143	?	?	?
18	$118	$50	$168	?	?	?
26	$118	$75	$193	?	?	?
34	$118	$100	$218	?	?	?
42	$118	$125	$243	?	?	?

Find the average fixed cost for producing 34 sneakers. Round your answer to the nearest hundredth

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

The table below shows part of the cost structure (total fixed cost, total variable cost, and...

The table below shows part of the cost structure (total fixed cost, total variable cost, and total cost) for a typical producer of olive oil -- a perfectly competitive industry. Copy the table into Excel and use it to calculate average total cost and marginal cost for all quantities from 1 to 10. Use Excel (following the hints in QSet 2, #9) to produce a diagram of the firm’s average total cost and marginal cost curves. If the price of...

Based on the table below, what was the profit of the firm? Quantity Total Fixed Cost...

Based on the table below, what was the profit of the firm? Quantity Total Fixed Cost $234,000 Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost $62 Average Total Cost $98 Marginal Cost $177 Price $155 Marginal Revenue $79 Total Profit (loss)

Quantity Total Cost Total Fixed Cost Total Variable Cost Average Fixed Cost Average Total Cost Average...

Quantity Total Cost Total Fixed Cost Total Variable Cost Average Fixed Cost Average Total Cost Average Variable Cost Marginal Cost 0 30 1 75 2 150 3 255 4 380 5 525 6 680 7 840 8 1010 9 1200 Given the quantity and total cost, calculate for total fixed cost, total variable cost, average fixed cost, average total cost, average variable cost, and marginal cost. Excel formulas would be nice but not required.

Q12. Using the data in the table below, plot the total fixed costs (TFC), total variable...

Q12. Using the data in the table below, plot the total fixed costs (TFC), total variable costs (TVC) and total cost (TC) schedules. Quantity TFC($) TVC($) TC($) 0 120 0 120 1 120 60 18 2 120 80 200 3 120 90 210 4 120 105 225 5 120 140 260 6 120 210 330 a. Given the table in Q12,...

quantity of broomsticks fixed cost variable cost total cost average fixed cost average variable cost average...

quantity of broomsticks fixed cost variable cost total cost average fixed cost average variable cost average total cost marginal cost marginal product 0 10 $13 $38 22 $28 32 $70 41 $64 50 $110 59 $108 65 $133 70 $185 how do I fill in the blanks? as well as graph the three average cost curves and the marginal cost curve.

No. of Products Total Variable Costs, $ Total Costs $ Average Fixed Cost $ Average Variable...

No. of Products Total Variable Costs, $ Total Costs $ Average Fixed Cost $ Average Variable Cost $ Average Total Cost $ Marginal Cost$ 0 0 1 12 2 20 3 24 4 27 5 40 6 65 7 98 Assume that the fixed cost is $80, calculate the above costs in the table and explain the difference between average total costs and marginal costs. In a graph illustrate the Average Total Cost and Marginal Cost Curves, explain their relationship....

The table shows the quantity produced and the total, average, variable, cost, and marginal costs for a firm. Complete the table.

Unit 9— Cost, Revenue, and ProfitThe table shows the quantity produced and the total, average, variable, cost, and marginal costs for a firm. Complete the table.QuantityTotal CostVariable CostFixed CostAverage Total CostAverage Variable CostAverage Fixed CostMarginal Cost00N/AN/AN/AN/A110050502953180130354502052251751025626121174983853359450106855185Graph the total cost, variable cost, and fixed cost curves.Assume the price is $50, draw the total revenue curve and identify the profit maximizing output level and the maximum profitGraph the average total cost, average variable, average fixed, and marginal cost curvesAssume the price is...

Table 13-7 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cos...

Table 13-7 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Refer to Table 13-7. What is the value of G? Group of answer choices $120 $220 $270 $30

Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost Fixed Costs ATC Average Fixed Costs Average...

Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost Fixed Costs ATC Average Fixed Costs Average Variable Costs 0 0 - 10 - 10 - - - 1 8 24 14 24 2 16 34 10 17 3 24 42 8 14 4 32 49 7 12.25 5 40 57 8 11.4 6 48 67 10 11.17 7 56 81 14 11.57 8 64 99 18 12.38 9 72 123 24 13.67 1b. At a price of $14, what is...

Using the information in data set one, which I have included in the table below, recalculate total cost, fixed cost, variable cost, marginal cost, average total cost, average variable cost and average fixed costs if the price of the variable input (which

Problem TwoUsing the information in data set one, which I have included in the table below, recalculate total cost, fixed cost, variable cost, marginal cost, average total cost, average variable cost and average fixed costs if the price of the variable input (which is labor in this example) is not $50 but $55. I have created Table 2 for you to put your answers in. Assume that fixed costs remain at $220. When the price of a variable input changes which...

Subjects