How would the fixed cost per unit change as output increases

Assignment Help Econometrics

Reference no: EM13213183

Classrooms cleaned per evening 0 3 4 7 8 12 13 16 17 Total cost $100 $200 $240 $300 $330 $400 $440 $500 $600

a) Calculate fixed and variable costs of cleaning 0, 3, 8, and 12 rooms and the average total cost and marginal cost at 3, 8, and 13 rooms and enter them in the table (You can cut and paste the table Quantity of output None 3/ 3rd rooms 8/8th rooms 13/13th rooms Fixed costs Variable costs Average Total Cost Marginal Cost.

b) How would the fixed cost per unit change as output increases? Why?

c) Why does ATC decrease, then increase? Why does it increase slower than MC?

Reference no: EM13213183

Questions Cloud

Describe is the farmers mix of inputs optimal : Given his plot of land, a farmer uses labor (10 workers), capital (5 pieces of equipment), and fertilizer (5 tons) to produce corn. He has figured that each additional worker hired over the course of the growing season adds 5000 bushels to his cro..

Compute the percentage of camphor : A mixture of camphor and water boils at approximately 99.1?C. At this temperature the vapour pressure of water is 736 mmHg. Calculate the percentage of camphor and water in the steam distillate by number of moles.

Define a sample of carbon monoxide gas : A sample of carbon monoxide gas whose mass is 7.75 g is heated from 25 oC to 166 oC at a constant pressure of 5.52 bar.

Explain octane ratings are assigned to gasoline mixtures : Octane ratings are assigned to gasoline mixtures based on their ability to prevent knocking relative to isooctane. Estimate the energy released during the combustion of 1.00 mol of pure isooctane.

How would the fixed cost per unit change as output increases : Calculate fixed and variable costs of cleaning 0, 3, 8, and 12 rooms and the average total cost and marginal cost at 3, 8, and 13 rooms and enter them in the table (You can cut and paste the table Quantity of output None 3/ 3rd rooms 8/8th rooms 1..

What value does the budgeting process provide : What value does the budgeting process provide to today's modern healthcare organization and why is strategic planning process an important part of healthcare organizations overall management needs?

Explain saturated affect the calculated value of the ksp : Ca(OH)2 (aq) was prepared) wasn't truely saturated (it was unsaturated) how would this affect the calculated value of the Ksp?

What quantity of output should the company produce : Assume that Mamma's produces frozen pizzas in a competitive market and it knows how to maximize profit. It's marginal and average total costs are shown in the curve to the right. a) Suppose that other pizza producers are selling their product at $5..

Compute the partition coefficient of butandioic acid : Calculate the partition coefficient of butandioic acid between ether and water at 298K.

User Account

All Pages