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A company is producing 500 units of output Its average variable costs are 2.00 and its average fixed costs are 50 What is the total cost?
Wiki User
∙ 10y ago
Total cost = variable cost + fixed cost
fixed cost = 50
fixed cost per unit = 50 / 500 = .1
total cost = 2 + .1 = 2.1 per unit
Wiki User
∙ 10y ago
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In the short run the Sure-Screen T-Shirt Company is producing 500 units of output Its average variable costs are 2.00 and its average fixed costs are 50 The firm's total costs?
1,250
When price exceeds average variable cost but not average total cost the firm should in the short run?
Minimize total losses by producing at the rate of output where ATC is minimized.
The long run average total cost curve?
The long run average total cost curve is the lowest average total cost for producing each level of output. It depicts the per unit cost of producing a good or service in the long run when all inputs are variable.
What effect will an increase in output have on average fixed average variable and average total cost?
average fixed will go down, average variable will remain the same, and average total will go down.
Why is an Average Fixed Cost curve downward sloping?
This is a simple enough question to answer, Fixed cost is defined as the cost invariant of output, i.e. cost that doesnot change as output increases, i.e. constant. So if you divide a constant by output as a variable, as output increases Average Fixed Costs drop.
In the short run the Sure-Screen T-Shirt Company is producing 500 units of output Its average variable costs are 2.00 and its average fixed costs are 50 The firm's total costs?
1,250
When price exceeds average variable cost but not average total cost the firm should in the short run?
Minimize total losses by producing at the rate of output where ATC is minimized.
The long run average total cost curve?
The long run average total cost curve is the lowest average total cost for producing each level of output. It depicts the per unit cost of producing a good or service in the long run when all inputs are variable.
What effect will an increase in output have on average fixed average variable and average total cost?
average fixed will go down, average variable will remain the same, and average total will go down.
What things do variable costs include?
Variable costs vary depending on a company's production. Production, or output, and costs are included in variable costs. Production and costs are directly related.
Which variable is also called the dependent variable?
Output variable
Is the output variable the independent variable?
No, it usually is not.
As output increases total variable costs?
If the output increases, so will the variable cost. Though, variable cost is not directly proportionate to the output, still it will witness an incline.
How segregate the semi variable cost?
In semi variable cost :variable cost = change in cost/change in output then with that rate * output = variable cost semi variable cost - variable cost = fixed cost
Why is the output value called the dependent variable?
because it can change according to the independent variable. this dependent variable depends on the independent variable for its output. the independent variable is not affected by the dependent variable because the independent variable if found out first.
The dependent variable is also known as the output variable?
true.
What is another name for the output variable in a function?
Dependent variable
