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Anettt [7]
3 years ago
9

Variable Fixed Output Marginal Total Total Marginal cost

Business
1 answer:
allsm [11]3 years ago
8 0

Answer:

The average total cost of producing 60 units of output is:

b. $21.67

Explanation:

a) Data and Calculations:

Variable   Fixed   Output     Marginal Physical     Total      Total    Marginal

Input         Input                  Product  of Variable    fixed  variable    Cost

                                              input                         cost        cost

0                 1             0                                           $500        $0

1                  1            10               (A)                       $500      $200         (F)

2                 1           25               (B)                       $500        400          (G)

3                 1           45               (C)                       $500        600          (H)

4                 1           60               (D)                       $500        800           (I)

5                 1           70               (E)                       $500       1000           (J)

The total cost of producing 60 units of output = $1,300 ($500 + $800)

Average total cost of producing 60 units of output = $21.67 ($1,300/60)

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SashulF [63]

Answer:

Set.

Explanation:

Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.

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3 years ago
In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cos
musickatia [10]

Answer: $2500

Explanation:

From the question,

Average variable cost(AVC) = $50

Average total cost (ATC) = $75

Output (Q) = 100

Since Average fixed cost is the difference between the average total cost and the average Variable cost. This will be:

AFC = ATC - AVC

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AFC = $25

We should note that:

AFC = TFC / Q

TFC = AFC × Q

TFC = $25 × 100

TFC = $2500

Therefore, total fixed cost is $2500

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3 years ago
a corporation reported cash of $15,800 and total assets of $180,100 on its balance sheet. its common-size percent for cash equal
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Its common-size percent for cash equals 8.77%.

Cash is prison gentle—currency or coins—that may be used to change items, debt, or offerings. Every so often additionally it is the value of the property that may be easily converted into coins right away, as stated through an employer.

A cash price is bills or cash paid by the recipient of products or services to the issuer. It can also contain a fee inside an enterprise to employees in compensation for their hours worked or to pay off them for minor prices which are too small to be routed thru the accounts payable device.

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2 years ago
To determine a product selling price based on the total cost method, management should include: Multiple Choice Total product an
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If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.

<h3>What is total cost method?</h3>

When using the total cost method, the company takes into account the full cost of producing the good in question. This includes total product cost only.

A markup is then added to the total cost to find a suitable selling price that allows for a projected level of profit.

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Should the United States pass a balanced budget amendment? Explain your answer.
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Answer:

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