2. The following table depicted a computer manufacturer's total cost of producing computer: Quantity Price 500,000 1 540,000 2 560,000 570,000 4 590,000 620,000 6. 660,000 7 720,000 8. 800,000 920,000 10 1,100,000 d)On one diagram, draw the manufacturer's AVC, ATC, and MC curves.
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- F a) Draw the demand process cycle and label it fully. b) A door company has the following materials in inventory. Inspect the table below and answer the following questions Material Average (in Kilograms) Price Aluminum 3884 $3.0 Steel 5850 $1.4 Iron 200 $1 Work in Progress Average Price Fence 78 230 Final Products Average Price Door 300 300 Window 550 240 i. Calculate the number of turns. ii. Calculate the cost per day.What is the relationship between marginal cost (MC) curves and average cost (AC) curves? You may use a graph help you illustrate whenever necessary.Could you provide some graphs on the above?
- The following graph illustrates the weekly demand curve for motorized scooters in Madison. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per scooter) 325 300 275 250 225 200 175 150 125 100 75 50 25 0 0 10 A + 20 30 X B Demand 40 50 60 70 80 QUANTITY (Scooters) 90 100 110 120 130 Total Revenue ?Calculate the TC, MC, ATC, AVC and AFC. Plot on the Graphs and analyze the relationships. Q FC VC TC AFC AVC ATC MC 0 75 0 2 75 90 4 75 170 6 75 240 8 75 300 10 75 370 12 75 450 14 75 540Douglas Fur is a small manufacturer of fake-fur boots in New York City. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Variable Cost Average Variable Cost Average Total Cost Quantity Total Cost Marginal Cost Fixed Cost (Dollars) (Dollars) (Dollars) (Dollars per pair) (Dollars per pair) (Pairs) (Dollars) 120 1 200 240 285 4 340 425 540 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $200, so you should start your ATC curve by placing a green point at (1, 200). For MC, plot the points between the integers: For example, the MC of…
- Question S An auto-repair shop faces the following weekly costs: rent, $800; labour, $500 per worker; parts and supplies, 70 per repair. Each worker can repair four cars per week. Copy & paste the table below into the answer area. Then complete all questions. (a) Fill in the costs in the table. (b) What are the total costs if the shop repairs 16 cars in a week? (c) What are the total costs if the shop repairs no cars in a week? ( Number of repairs 0 4 7 8 12 20 24 28 32 For the toolbar, press ALT F1D (PC) or ALT+FN-F10 (Mac) Fixed costs ($) Variable costs ($) Total costs (S)Need clear diagramPlease show the curve on the graph along with the plotted points and answer the two cost amounts at the bottom
- Use the graphical illustration to answer the following questions: (if required, use the discreet number of barrels) 1. At what production level would the marginal cost exceed the average cost? 2. How many barrels of natural-organic oil reflect the lowest minimum average variable cost?3. How much is the fixed cost to produce the natural-organic oil?define economic of scaleUse the following table to ccalculate TVC - keep your calculation for follow up questions: Total Output Total Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. Total Output Total Cost TVC 0 $20 $0 10 $40 $20 20 $60 $40 30 $90 $70 40 $120 $100 50 $180 $160 60 $280 $260 b. Total Output Total Cost TVC 0 $20 $20 10 $40 $20 20 $60 $40 30 $90 $70 40 $120 $100 50 $180 $160 60 $280 $260 c. Total Output Total Cost TVC 0 $20 $0 10 $40 $40 20 $60 $60 30 $90 $90 40 $120 $120 50 $180 $180 60 $280 $280 d.…