Solution-Marginal cost of the fourth unit of output

Marginal cost of the fourth unit of output

Assignment Help Business Management

Reference no: EM131287681

Three part question, use table to answer. Please show work.

1. At 4 units of output what are total fixed cost?

2. What is the marginal cost of the fourth unit of output?

3. At 4 units of output what are total variable costs?

Output (units per day)	Total cost (dollars per day)
0	16
1	30
2	42
3	58
4	78

Reference no: EM131287681

Questions Cloud

What would higher productivity mean to business or service : How would you use partial productivity and multifactor productivity measures to help you understand where productivity can be improved at these businesses? What would higher productivity mean to the business or service?

Coverage on the grounds : He is concerned that this may lead to a problem if he ever has a loss as the insurer could deny coverage on the grounds that they didnt know certain crucial facts. What would you advise Sam?

What would be the cost of capital : If the price of a certain stock is $56.00 with a potential annual growth rate of 5 ¾% what would be the cost of equity capital if the DPS in this firm is $9.80?

Compare and contrast the process of policy legitimation : The justification for reforming the federal budget - The various measures that have been proposed and/or employed to reform the federal budget including the successes and failures of each of these measures;

Marginal cost of the fourth unit of output : 1. At 4 units of output what are total fixed cost? 2. What is the marginal cost of the fourth unit of output? 3. At 4 units of output what are total variable costs?

Good economic decision in raising the parking fees : Would you say that the open field owner has made a good economic decision in raising the parking fees? Explain the type of price elasticity of demand for parking. Use the mid-point formula.

Calculate the firm''s maximum profit from the two products : Calculate the firm's maximum profit from the two products.

What does it take to make cross-cultural teams successful : What Does it Take to Make Cross-cultural Teams Successful? Your analysis and assessment must evidence understanding of the case's specific characters, context, incidents and circumstances.

Increase a growth in fixed costs or variable costs : In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal-Mart's sales drop off, how might the ..

User Account

All Pages

Marginal cost of the fourth unit of output

Reference no: EM131287681

Reference no: EM131287681

Questions Cloud

Reviews

Write a Review

Business Management Questions & Answers

Caselet on michael porter’s value chain management

Mountain man brewing company

Mountain man brewing company

Analysis of the case using the doing ethics technique

Affiliations and partnerships

Innovation-friendly regulations

Effect of regional and corporate cultural issues

Structure of business plan

Identify the purposes of different types of organisations

Entrepreneur case study for analysis

Forecasting and business analysis

Educational instructional leadership

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT