Author Question: The above table gives some production and cost information... (Read 171 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

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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.