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What is douglas fur fixed cost

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Reference no: EM131326666

Douglas fur is a small manufacturer of fake-fur boots. It is one of many firms selling fake-fur boots. The following table shows its total cost of production

Quantity of boots (pairs per hour)

Total cost (dollar per hour)

0

120

1

200

2

240

3

285

4

340

5

425

6

540

1. What is Douglas Fur's fixed cost?

2. What is the ATC in the short run when 4 pairs of boots are produced?

3. Douglas fur is thinking of increasing its production from 3 to 4 pairs of boots. What would its MC be?

4. If the price of a pair of boots is $49 how many pairs should Douglas fur produce?

Reference no: EM131326666

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