Q: What will be the marginal cost if the change in total cost is $55 and Change in quantity is $60.

Transcribed Image Text: The following is a total cost curve. Total cost ($) 1000 900+ 800- 700- 600- 500- 400- 300- 200- 100- 04 50 TC 100 150 200 250 300 350 Quantity (q) Q On the diagram to the right, sketch the corresponding marginal cost curve. Using the multipoint curved line drawing tool, draw the firm's marginal cost curve.

Programmers Websites Marginal Product Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 0 0 - - 4000 - - - - 1 2 2 2000 6000 2 6 4 4000 8000 3 14 8 6000 10000 4 20 6 8000 12000 5 24 4 10000 14000 6 26 2 12000 16000 Webby pays $4,000 a month in rent for office space and equipment.

Question 31 2.5 pts The following figure shows the marginal cost curve, average total cost curve, average variable cost curve, and marginal revenue curve for a firm for different levels of output. Price MC ATC AVC F G R MR W 0 A B Quantity At the output level OC, average fixed cost is equal to MC GM GZ ZM 000 о

Cowboy Hat Production Costs Total Fixed Cost (dollars) $2,000 Total Variable Cost (dollars) Total Cost (dollars) $2,000 Average Fixed Cost (dollars) Average Variable Cost (dollars) Average Total Cost (dollars) Output $0 10 300 24 $4 $230 20 2,460 23 …

Transcribed Image Text: 9. Cost-curve shifters The following graph shows the average total cost (ATC) curve, average variable cost (AVC) curve, and average fixed cost (AFC) curve for Caroline's Pizza Parlor when the retail price Caroline pays for pizza dough, including sales tax, is $5 per large pizza.

To the right is the average total cost curve for a competitive firm. What is the relationship between the average total cost curve (ATC) and the marginal cost curve (MC)? 1.) Using the 3-point curve drawing tool, draw the marginal cost curve for this firm in a competitive market.

As output rises, which of the following always increases? variable cost only marginal cost only total cost and variable cost total cost only O fixed cost only 3 Question 6 Not yet answered Marked out of 1 Remove flag Drawinue nare If the average fixed cost of seven tubs of ice cream is $50, the total cost of zero tubs is: O a. $350 Ob. $250 c ...

Transcribed Image Text: When the marginal cost curve lies below the average total cost curve, it is true that as output increases A marginal cost is decreasing marginal cost is increasing average total cost is decreasing average total cost is increasing average variable cost is decreasing

Transcribed Image Text: The average variable cost curve and average total cost curve tend to converge as output rises because * the marginal cost curve intersects the average total cost curve at its minimum. the average fixed costs are constant as output rises. the difference between them (average fixed cost) declines. output is rising more rapidly than inputs are being increased.