Saturday
April 18, 2015

Homework Help: Economics

Posted by Daisy on Sunday, April 15, 2012 at 10:49pm.

5. A firm's marginal cost of production is constant at $5 per unit, and its fixed costs are $20. Draw its total, average variable and average costs.

Marginal Cost (MC): $5 per unit
Fixed Cost (FC): $20
Total Cost (TC): $25
Average Variable Cost (AVC): $5

FC is always going to be constant at $20; however, VC is the change in cost as an increase in cost of product to produce more.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economics - could you calulate the total, average variable, and average cost, ...
economics - could you calulate the total, average variable, and average cost, ...
economics - A firm has fixed costs of $30.00 and variable costs as indicated in ...
economics - suppose a firm's constant-returns to scale production function ...
econ - You want to determine the profit-maximizing production quantity for a ...
Macroeconomics - You want to determine the profit-maximizing production quantity...
Macroeconomics - I need help to answer this question? You want to determine the ...
economics - HELP!!!!! One and only Inc is a monopolist. The demand function for ...
econ 460 - 1. The demand for a new drug is given by P = 4 0.5Q. The marginal ...
Business Economics - When we are given an expression for the Short Run Total ...

Members