Homework Answers
1.ATC when Q is 150=15
2.AVC=10
3.AFC =ATC-AVC
AFC=15-10=5
4.TC=AC*Q
TC=15*150
TC=2250
5.TVC=AVC*Q
TVC=10*150=1500
6.TFC=AFC*Q
TFC=5*150=750
7.ATC=14,AVC=11
8.AFC=14-11=3
9.TC=14*250=3500
TVC=11*250=2750
10.TFC=3*250=750
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graph the short-run average cost curves.
explain how you got each. (total revenue, Marg rev, MPL, TFC,
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