Average variable cost-fixed and total cost

Assignment Help Business Economics

Reference no: EM13859511

When Ajax co. Produced 3 units of output per week, its total fixed cost was $100 and total variable cost was $45. When output increased to 4 units per week, total fixed cost remained at $100 and total variable cost increased to $65.

When output was 4 units per week, total cost was $___.

When output was 4 units per week, average variable cost was $___.

When output was 4 units per week, average fixed cost was $___.

When output was 4 units per week, average total cost was $___.

The marginal cost of producing the fourth unit was $___.

Please round answers to two decimal places.

Reference no: EM13859511

Questions Cloud

If firm experiences diseconomies of scope : If a firm experiences diseconomies of scope, then it:

Broader costs of environmental injuries resulting : If a coal power plant considers the costs of labor and materials, as well as the broader costs of environmental injuries resulting from its power production processes then Its?

Future value of these deposits right after your last deposit : You make monthly deposits of $1,000 in a bank starting at the end of month 1 and lasting 5 years (the last deposit is at the end of month 60). What is the future value of these deposits right after your last deposit? Assume the nominal annual interes..

Payments are equal series of payments : You receive payments at the end of each Quarter starting at the end of Quarter 1 and lasting 5 years (so the last payment you receive is at the end of Quarter 20). These payments are an equal series of payments of $500 for all 20 payment periods. The..

Average variable cost-fixed and total cost : When Ajax co. Produced 3 units of output per week, its total fixed cost was $100 and total variable cost was $45. When output increased to 4 units per week, total fixed cost remained at $100 and total variable cost increased to $65.

Theoretical model of the inter temporal budget constraint : The theoretical model of the inter temporal budget constraint for the U.S. economy as a whole suggests that the most common pattern seems to be that:

About the firms total revenues : You are the manager of a firm that receives revenues of $60,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..

What are her accounting profits and economic profits : Jaynet spends $25,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm – one offer was for $105,000 per year, and the other was for $85,000. What are her accounting profits? What are h..

Producer surplus is measured : Producer surplus is measured as the area

User Account

All Pages