Author Question: The above table gives some production and cost information... (Read 42 times)

j.rubin · **on:** May 24, 2019

Labor (workers)	Output (frijoles)	Total cost (dollars)
0	0	1,000
5	1,000	3,000
10	3,000	5,000
15	4,000	7,000
20	4,500	9,000

The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. What is the total fixed cost of producing 4,500 frijoles?
◦ $1,000
◦ $8,000
◦ $9,000
◦ $2,000
◦ More information is needed to determine the answer.

amy.lauersdorf90 · **Reply #1 on:** May 24, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 29% of students answer this correctly

craiczarry · **Reply #2 on:** May 24, 2019

Labor (workers)	Output (frijoles)	Total cost (dollars)
0	0	1,000
5	1,000	3,000
10	3,000	5,000
15	4,000	7,000
20	4,500	9,000

The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. Between what two levels of output does the marginal cost of producing Fiery Frijoles first begin to rise?
◦ 0 and 1,000
◦ 1,000 and 3,000
◦ 3,000 and 4,000
◦ 4,000 and 4,500
◦ None of these answers is correct.

rekilledagain · **Reply #3 on:** May 24, 2019

3,000 and 4,000

craiczarry · **Reply #4 on:** May 24, 2019

TY

rekilledagain · **Reply #5 on:** May 24, 2019

You're welcome

joblessjake · **Reply #6 on:** May 24, 2019

Labor (workers)	Output (frijoles)	Total cost (dollars)
0	0	1,000
5	1,000	3,000
10	3,000	5,000
15	4,000	7,000
20	4,500	9,000

The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. What is the average variable cost of producing 1,000 frijoles?
◦ $1
◦ $2
◦ $3
◦ $3,000
◦ More information is needed to determine the answer.

chinwesucks · **Reply #7 on:** May 24, 2019

$2

809779 · **Reply #8 on:** May 24, 2019

Labor (workers)	Output (frijoles)	Total cost (dollars)
0	0	1,000
5	1,000	3,000
10	3,000	5,000
15	4,000	7,000
20	4,500	9,000

The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. What is the average total cost of producing 4,500 frijoles?
◦ $2
◦ $225
◦ $9,000
◦ $8,000
◦ More information is needed to determine the answer.