The table below shows the total cost of cleaning classrooms:
Classrooms cleaned per evening
0
3
7
12
16
17
Total cost
$100
$200
$300
$400
$500
$600
What is the average fixed cost of cleaning three classrooms?
What is the average variable cost of cleaning three classrooms?
What is the average variable cost of cleaning seven classrooms?
What is the average total cost of cleaning twelve classrooms?
The table below shows the total cost of cleaning classrooms:
|
Classrooms cleaned per evening |
0 |
3 |
7 |
12 |
16 |
17 |
|
Total cost |
$100 |
$200 |
$300 |
$400 |
$500 |
$600 |
What is the average fixed cost of cleaning three classrooms?
What is the average variable cost of cleaning three classrooms?
What is the average variable cost of cleaning seven classrooms?
What is the average total cost of cleaning twelve classrooms?
Related textbook solutions
Related questions
Jennifer's Carpet Cleaners has fixed costs of $100 per month and a total cost curve as given in the table below.
| Output | Total cost |
| 10 | $200 |
| 20 | $320 |
| 30 | $460 |
| 40 | $620 |
| 50 | $800 |
| 60 | $1000 |
a. The current price for cleaning a carpet is $18. How many carpets must be cleaned to maximize profits? What will the profit be?
b. Suppose the price falls to $14. Calculate the profit-maximizing output and the total profits.
Fill in the missing value in the table below:
| Ouput | total cost | total fixed cost | total variable cost | average fixed cost | average variable cost | average total cost | marginal cost | |
| 100 | 260 | 60 | ||||||
| 200 |
0.30 |
|||||||
| 300 | 0.50 | |||||||
| 400 | 1.05 | |||||||
| 500 | 360 | |||||||
| 600 | 3.00 | |||||||
| 700 | 1.60 | |||||||
| 800 | 2,040 |
A firm's fixed costs for 0 units of output and its average total cost of producing different output levels are summarized in the table below. Complete the table to find the fixed cost, variable cost, total cost, average fixed cost, the average variable cost, and marginal cost at all relevant levels of output.
Instruction: Round your answers for Average Fixed Cost (AFC) and Average Variable Cost (AVC) to 2 decimal places.
|
Q |
FC |
VC |
TC |
AFC |
AVC |
ATC |
MC |
|
0 |
$15,000 |
- |
- |
- |
- |
||
|
100 |
300 |
||||||
|
200 |
200 |
||||||
|
300 |
175 |
||||||
|
400 |
225 |
||||||
|
500 |
325 |
||||||
|
600 |
400 |
