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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:

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Explanation:

To begin with, in the field of business, a financial plan consists of an strategy that the managers of the company must follow in order to have every money aspects established and on guard of what can happen straight ahead regarding the conditions and circumstances of the organization's environment and context as well. Therefore that a financial plan's major three components are the cash flow statement where the managers must see how the money is flowing in and out, also the sales forecast that will encourage the company itself to try to achieve that expectations and the economic value added could also be very important when it comes to matters of money and how the business will value their products for sale according to the costs structure that the enterprise has.  

7 0
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You are bullish on Telecom stock. The current market price is $40 per share, and you have $8,000 of your own to invest. You borr
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The rate of return if the price of Telecom stock goes up by 6% during the next year is 8.00%

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new value of investment=$16000*(1+6%)

new value of investment=$16,960

interest on borrowing=4%*$8000

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Gain on investment=new value of investment-initial investment-interest on borrowing

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Find out more about rate of return on:brainly.com/question/18716615

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7 0
1 year ago
Due to a downturn the wage of entry level workers has declined by 10 per cent, as a
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The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.

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If the wage of the entry level workers increase, the demand curve would shift to the right.

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Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity = 15% / 10 = 1.5

Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.

<h3>What is the effect on the demand curve if the wages of entry level workers increase?</h3>

If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.

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8 0
2 years ago
How does consumer law damage business?
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3 0
2 years ago
Suppose that when Sue’s disposable income is $10,000, she spends $8,000, and when her disposable income is $20,000, she spends $
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Answer:

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