firm's marginal, average, and average variable cost curves

Related BrainMass Solutions

• Solving a Firm's Costs

  marginal, average, and average variable cost curves?

• Cost-benefit

  What is the marginal cost of producing 2 units of output? e. What is the relation between the answers to (a), (b), and (c) above? Is this a general property of average cost curves? a.What is the average fixed cost of producing 2 units of output?

• Using Excel to predict output decisions: Definitive example

  Use Microsoft Excel to calculate the firm's Total Variable Cost (TVC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). b. Suppose market price is $30. How much will the firm produce in the short run?

• Fixed, Total Variable and Total Costs

  Total Product Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 0 $___ $0 $___ $___ $___ $___ $___ 1 ___ 45 ___ ___ ___ ___ ___ 2 ___ 85 ___ ___ ___ ___ ___

• Making and graphing cost calculations

  Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs. b. Plot each of the cost curves. c.

• Marginal Cost Curve in Firm's Supply Curve

  A perfectly competitive firm's supply curve is that portion of its marginal cost curve that lies above the minimum of the average variable cost curve.

• average fixed cost (AFC) curve, average variable cost (AVC) curve, the average total cost (ATC) curve, and the marginal cost (MC)

  What impact, if any, will this have the firm's AFC (average fixed cost), AVC (average variable cost), ATC (average total cost) and MC (marginal cost) and therefore these cost curves? Why?

• Demand and Supply - Fixed Cost

  Given a table of a firm's total costs at various levels of output, this solution shows how to calculate fixed cost, marginal cost and average cost. The cost curves are illustrated with a graph.

• In a competitive market, the market-determined price is $25

  Because of this, marginal revenue is equal to marginal cost, and the firm is profit maximizing. You'll want to remember the shapes of the cost curves. At its minimum, the marginal cost curve intersects the average cost curve.