Calculate average cost and marginal cost, Cost Accounting

Assignment Help:

Farmer Dorr figures that her fixed costs are $2,000, and the relevant portion of her total cost curve is:

                                          Thousands of                   Total Cost

                                          Bushels            (in thousands of dollars)

                                              10                                   10.70

                                              11                                   11.45

                                              12                                   12.25

                                              13                                   13.10

                                              14                                   14.00

                                              15                                   15.00

                                              16                                   16.10

                                              17                                   17.32

                                              18                                   18.75

                                              19                                   20.30

a)   Calculate Farmer Dorr's schedules of average cost, marginal cost, total variable cost, and average variable cost.

b)   If Farmer Dorr is a perfect competitor, what level of output should she produce, if the market price is:

                  (i)  $1.50   (iii) $0.92

                  (ii) $1.00   (iv) $0.82


Related Discussions:- Calculate average cost and marginal cost

Accounts payable, Accounts Payable or sundry creditors are generally unsecu...

Accounts Payable or sundry creditors are generally unsecured debts owed through the firm. These are also considered to as payables on open accounts. They may not be evidenced throu

Advantages of cost accounting, ADVANTAGES OF COST ACCOUNTING 1.        ...

ADVANTAGES OF COST ACCOUNTING 1.         It helps in efficient decision making. 2.         It assists in cost drop. 3.         It is useful in obsession of selling price

Cvp analysis, the formula of culculating product cost per unit

the formula of culculating product cost per unit

Importance of variance analysis, Importance of Variance Analysis Varia...

Importance of Variance Analysis Variance analysis is aimed at getting practical pointers to the purposes of off-the -standard performance hence management can improve operatio

Calculate the gross profit percentage, At the end of Ehlinger Department St...

At the end of Ehlinger Department Store's fiscal year on December 31, 2012, these accounts appeared in its adjusted trial balance: Freight-In $ 7,200

Budgetary planning and budgetary control, Difference between budgetary plan...

Difference between budgetary planning and budgetary control

Materials transaction, Materials Transaction i. Purchase of Materials ...

Materials Transaction i. Purchase of Materials on Credit ii. Return of Materials to Suppliers iii. Purchase of Materials in Cash. The above transactions affect both t

Budget, budget preparation

budget preparation

Cost Accounting, Cost Accounting advantage and features

Cost Accounting advantage and features

Find the amount of retained earnings at december, From the information prov...

From the information provided, determine: 1.) The amount of retained earnings at December 31 and 2.) The amount of revenues for the period. Additional data:1.)Expenses for the peri

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd