Assume that a firm sells its product in a perfectly competitive market. The firm's fixed costs (including a "normal" return on the funds the entrepreneur has invested in the firm) are equal to $100 and its variable cost schedule is as follows:

a.Find the marginal cost and average total cost schedules for the firm.
b.If the prevailing market price is $4.50, how many units will be produced and sold?
c.What are total profits and profit per unit at the output level determined in part (b)?
d.Is the industry in long-run equilibrium at this price? Explain

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Question a
Output (Units) Variable Cost per Unit Marginal Cost per unit Avg Total Cost
50 $5.00 $5 $7
100 4.50 4 5.50
150 4.00 3 4.66
200 3.50 2 4
250 ...

Problem Attached.
Note: Problem is accounting related.
A partially completed schedule of the company's total and per unit costs over a relevant range of 70,000 to 110,000 units produced and sold each year is given. Complete the schedule of the company's total and unit costs below. (Round the "total costs" to the nearest

2. Given the following total costschedule of a firm, (a) derive the total fixed cost and total variablecostschedules of the firm, and from them derive the average fixed cost, average variablecost, average total cost, and marginal costschedules of the firm.
Q 0 1 2 3 4 5
TC 30 50 60 81 118 180

What are the variables that must be considered when developing a project schedule? Give a short explanation of how they impact the schedule development

Suppose that the firm's cost function is given in the following schedule (where Q is the level of output).
Output
Q (units) Total Cost
0 7
1 25
2 37
3 45
4 50
5 53
6 58
7 66
8 78
9 96
10 124
Determine the:
(a) Marginal costschedule
(b) What is the fixed cost of production

I need assistance writing a paper of no more than 500 words after completing Exercise 19-17 in which you respond to the following questions:
- In this case, would it be better to use the variable or absorption costing method, and why?
- What are the benefits of the two methods?
- Which method would lead to the best decision

Use the total cost (TC) schedule presented in the table below to calculate the average total cost, average variablecost, average fixed cost, and marginal cost when output (Q) is equal to 5.
Q 0 1 2 3 4 5 6 7 8 9
TC 5 7 8 10 14 20 28 38

Use the total cost (TC) schedule that is presented in the table below to calculate average total cost, average variablecost, average fixed cost, and marginal cost when output (Q) is equal to 5.
Q 0 1 2 3 4 5 6 7 8 9
TC 5 7 8 10 14 20 28 38 50 72

Exotic Metals, Inc., a leading manufacturer of beryllium, which is used in many electronic products, estimates the following demand schedule for its product:
Price ($/Pound) Quantity (Pounds/Period)
$25 0
18 1,000
16 2,000
14 3,000
12 4,000
10 5,000
8 6,000
6 7,000
4 8,000
2 9,000
Fixed costs of manufacturin

1. Given the following total cost function of C (q) = 400Q(squared) - 20Q + 7
Calculate Average cost, Marginal cost, Average VariableCost and the output level at which Average VariableCost is at a minimum.