# economics

posted by .

For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capture and explain the appropriate relationships among the curves

• economics -

• economics agriculture. -

what is the formulae to find total fix cost, total fix cost, total variable cost, marginal cost,average fix cost,average variable cost,average total cost.

## Similar Questions

1. ### Math

The demand for item A is P=40 -3.5Q The production of A entails the following average variable costs: AVC=1.5Q - 35 Fixed Costs are 24. a) Calculate the revenue maximizing price of A Revenue= PQ Revenue= 40Q-3.5Q^2 Revenue' = 40-7Q …
2. ### Economics

Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of \$60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: \$3,600. a. What is …
3. ### Economics

Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of \$60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: \$3,600. a. What is …
4. ### Economics - Theory of the Firm

If Average Variable Cost AVC = 10 + Q and P = 50. Find: Total Cost TC, Total Fixed Cost TFC, Total Variable Cost TVC, Average Total Cost ATC, Average Fixed Cost AFC
5. ### economics

A firm has fixed costs of \$30.00 and variable costs as indicated in the table below. Complete the table. Instructions: Round your answers so that you enter no more than 2 decimal places. Total Product Total Fixed Cost Total Variable …
6. ### Economics

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 …
7. ### Macroeconomics

You want to determine the profit-maximizing production quantity for a monopolist. You can ask the firm's consultant to draw the firm's revenue and cost curves, but each curve would cost you \$1,000. From the following list indicate …
8. ### Economics

1. The law of diminishing returns implies that at some output level: a) Marginal cost must fall b) Average total cost must diminish c) profit increases d) Marginal cost must rise e) Total cost must fall 2. The vertical distance between …
9. ### Macroeconomics

I need help to answer this question? You want to determine the profit-maximizing production quantity for a monopolist. You can ask the firm's consultant to draw the firm's revenue and cost curves, but each curve would cost you \$1,000.
10. ### econ

You want to determine the profit-maximizing production quantity for a monopolist. You can ask the firm's consultant to draw the firm's revenue and cost curves, but each curve would cost you \$1,000. From the following list indicate …

More Similar Questions