Trust but verify. Exhibit 11-10 MC ATC AVC .AFC Quantity Refer to Exhibit 11-10. At output...

Question

Question

Exhibit 11-10 MC ATC AVC .AFC Quantity Refer to Exhibit 11-10. At output level Q. total cost equals: area ADQ0 area ADEB area

Trust but verify.

Answer 1

Answer #1

Answer
total cost =ATC*Q
ATC=A and output =Q
total cost =A*Q=area ADQ0

option 1

the total cost is a product of ATC and output.

Answer 2

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