Economics Question 1: Question 2: Q FC | VC TC AFC AVC ATC MC 920 475...

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Economics

Question 1:

Q FC | VC TC AFC AVC ATC MC 920 475 60 10 What is the AVC at Q=2 equal to? [Type a whole number, no gaps.] Question 2:

FC VC TC AFC AVC ATC MC 920 475 60 What is the ATC at Q=3 equal to? [Type a whole number, no gaps.]

Answer 1

Answer #1

and as TFC = 900 so it will be same at all quantity ! produced As a result we can solve further for d = 2 - INA TC = 950 TFC

Answer 2

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