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From a given cost function
TC =60+0.5q+0.3q×q
find out fixed cost, average variable cost and marginal cost
TC =60 + 0.5q + 0.3qtimes;q Fixed cost FC = 60, as it doesn't change at different quantities. Average variable cost AVC = VC/q = (TC - FC)/q = (0.5q...
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Suppose that price of labor is Rs.300 and the price of capital is Rs.400.what is the equation of the isocost line corresponding to a total cost of Rs.1000?
If the price of labor is Rs.300 and the price of capital is Rs.400, then the isocost line corresponding to a total cost of Rs.1000 will connect points (0 units...
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plz tell me the production theory which showed that energy and capital are perfectly substitutable or any theory name which discuss labor and energy but ignoring the capital in production model
Constant elasticity of substitution (CES), in economics, is a property of some production functions and utility functions. As its name suggests, the CES production function exhibits constant elasticity of substitution...
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The production for a productive is given by q=100KL. If the Price of capital is 120€ per day and the Price of labor 30€ per day, what is the minimum cost of producing 1000 units of output
The cost-minimizing combination of capital and labor is,MRTS = MPL/MPK = w/rThe marginal product of labor is dq/dL = 100K. The marginal product of capital is dq/dK =100L. Therefore, the...
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quantity,total fixed cost,total variable cost,total cost,average cost,marginal cost=25 26 27 10 10 10 18 20 21 ? ? ?
Total costs = Fixed costs + Variable costs Total costs = 26 + 27 = 53
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. Any cost that varies with the output level is: A. A fixed cost. B. Negative marginal cost. C. Implicit cost. D. A sunk cost. A variable cost
A variable cost
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On October 1, 2009, Nautilus Co. received $15,300 for the rent of land for 12 months.
Journalize the adjusting entry required for unearned rent on December 31, 2009
To find the unearned rent we should calculate the rent for the last 3 month: $15,300x3/12 = $3,825 So, the entry should be: Debit Unearned Revenue $3,825 Credit Rent Revenue...
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If the average fixed cost and average variable cost for producing 6 units of shoes are R64 and R16 respectively, what is the total cost at this level of output?
If Q = 6 units, AFC = R64, AVC = R16, then the total cost at this level of output is: TC = ATC*Q = (AFC + AVC)*Q = (64...
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What is a variable cost to a firm producing cakes? A. The ingredients of its cakes B. The invest on money borrowed C. The monthly rent of its factory D. The salaries of its managers
A. The ingredients of its cakes
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if the total cost of the firm is given by TC=Q2+20
A. The average total coast (ATC)
B. The marginal cost (MC)
C. The average variable cost (AVC)
D. The average fixed cost(AFC)
TC=Q2+20A. The average total coast (ATC) = ТС / Q = (Q2+20) / QB. The marginal cost (MC) = 2Q (MC is the first derivative of TC with respect to Q)C. The average...
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