If fixed cost is $5,000, and, at an output of 3 variable cost is $4,000, HOW MUC

Question

If fixed cost is $5,000, and, at an output of 3 variable cost is $4,000, HOW MUCH IS AVERAGE TOTAL COST AT AN OUTOUT of 3? $1,333.33 $3,000 $4,500 $9,000 There is not enough information to determine ATC at an output of 3. If fixed cost is $8,000, variable cost is $5,000 at an output of 2 and $9,000 at an output of 3, how much is marginal cost at an output of 3? is (are) the relationship between the maximum amounts of output a firm can produce and various quantities of inputs. The MC curve intersects the AVC and ATC curves at their minimum points Which statement is true. AFC declines with output. ATC declines with outout. AFC - AVC = ATC. Output divided by fixed cost = AFC Which is most clearly a fixed cost? Insurance premiums Wages of production workers Advertising Shipping costs Cost of raw materials

Explanation / Answer

45) ANS IS B

TC=VC+FC
TC=4000+5000=9000
TAC=9000/3=3000

46) ANS IS B
TC=VC+FC
TC1=8000+5000=13000
TC2=8000+9000=17000
MC=17000-13000=4000

47) ANS IS A

The production function shows the relationship between the maxiimum quantities of output using various combinations of input.

48)ANS IS B

The MC curves intersects AVC and ATC on their minimum once each.

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.