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Neporo4naja [7]
3 years ago
6

Suppose that a firm produces 10 units of output. Its Average Variable Cost (AVC) = $25, Average Fixed Cost (AFC) = $5, and Margi

nal Cost (MC) = $30. The firm's ________.
a.) Total cost is $300

b.)Average total cost (ATC) is $60

c.) Average total cost (ATC) is $35

d.)Total cost is $30
Business
1 answer:
Andreyy893 years ago
3 0

Answer:

Total Cost  = $300

Average Total Cost = $30  

correct option is a.) Total cost is $300

Explanation:

given data

produces output = 10 units

Marginal Cost = $30

Average Variable Cost = $25

Average Fixed Cost = $5

solution

first we get here total cost that is

Total Cost = Total Variable Cost + Total Fixed Cost    .................................1

so here Total Variable Cost = Average Variable Cost × Output    

Total Variable Cost = $25 ×  10

Total Variable Cost =  $250

and total fix cost is = Average Fixed Cost × Output

total fix cost = $5 × 10 =

total fix cost = $50

so Total Cost is here

Total Cost  = $250 + $50

Total Cost  = $300

A) is correct

and

Average Total Cost will be

Average Total Cost = \frac{total\ cost}{out\ put}    ...................2

Average Total Cost = \frac{300}{10} = $30

Average Total Cost = $30  

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Answer:

c. 2.50 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

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Now we deduct the $350 from the $500 , so the amount would be $150 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

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So, the payback period equal to

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4 0
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To know more about the calculation of the net asset value, refer to the link below:

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7 0
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