Es2550: week 6 calculating and interpreting the costs of production part i consider the values in the following table for the winsome widget factory a fill in the formula for afc, avc, atc, and mc at the top of the column in the gray section within the table b.
Problem 61 don’s donuts budgets the following costs for the production of 36,000 boxes of donuts next year: rent, $20,000 other fixed costs, $6,000 direct materials, $54,000, and direct labor, $36,000 the normal selling price is $400 per box. The following questions practice these skills: identify total cost, variable cost, fixed cost, marginal cost, and average total cost graph marginal cost and average total cost and average variable cost. Micro econ final study guide by nicole_vartenisian includes 249 questions covering vocabulary, terms and more wilma values a decorative garden rock at $15, while fred values it at $10 suppose the following table shows the marginal cost of production for various levels of output for firms in this market how many units should a firm in.
Consider the values in the following table for the winsome widget factory winsome widget factory output long run average total cost 0 ------------------ 5 170 10 110 15 85 20 83 25 78 30 75 35 75 40 80 45 82 50 97 a. The following table displays hypothetical annual total costs and total benefits of conserving wild tigers at several possible world wide tiger population levels calculate the marginal costs of tiger conservation in the table below.
A factory produces x widgets per day the factory's fixed costs are $8000 per day the price per widget is $80 and the variable costs are $20 per widget how many widgets need to be produced for profits of $5440 a day a 4233 b 9033 c 168 d 224 e 400 kudos for a correct solution.
A firms total fixed cost is $36000 construct a table of its total and average fixed costs for output levels varying from zero to 8 units draw the corresponding tfc and avc curves. Consider the following table of costs for the winsome widget factory, which operates in a perfectly competitive market the market price faced by this firm is $600 per widget a.
Consider the values in the following table for the winsome widget factory page 1 es2550: week 6 winsome widget factory output long run average total cost------------------5 170 10 110 15 85 20 83 25 78 30 75 35 75 40 80 45 82 50 97 a.
Part i consider the values in the following table for the winsome widget factory a fill in the formula for afc, avc, atc, and mc at the top of the column in the gray section within the table b fill in the missing values for tfc, tvc, afc, avc, atc, and mc in the blue sections of the table. Because the price of a widget is $80 and the factory cost is $20 per widget, the profit-per-widget is $60 and since the factory needs to make up its $8000 fixed cost and then make $5440 profit, we can set up an equation. Which of the following is consistent with the elasticities given in table 5-1 a is a luxury and b is a necessity if the profit-maximizing quantity of production for a competitive firm occurs at a point where the firm's average total cost of production is falling as production increases, then the firm.