Question

Assignment 3_Chapter 5(1). Word Оформление препратки Пощенски съобщения Преглед изглед 12 AA AAEE E AT Aab6B I Aab6Bel Aa56BI Aa56Bel *** A - A-EESE E . . . Hapa.. 16es pasp... Barnasne 1 Baraone 2 Crno Абзац Ірифт ECON 255-01: ASSIGNMENT 3 Deadline Tuesday 31, 2020 Fill the following table and use it to answer questions 1-4: Table 1 - Plant costs This table shows total costs at different output levels for a given plant 10 5 20 78 30 1 00 30 5 Outpat (Units per day) Total Costs per day) Fixed Costs per day) Variable Costs (5 per day) Average Total Costs (5) Marginal Costs ($) 1. Fixed costs, in Table 1: A) Are equal to $30. B) Are equal to zero. C) D) Increase as output increases Decrease as output increases 2. Variable cost, in Table 1: A) is equal to $25 at an output of 10 units B) is the greatest at an output of 40 units C) D) Increases as output increases All of the above 3. The marginal cost is at a minimum in Table I when A) The first 10 units are produced B) Output increases from 10 units to 20 units. C) D) Output increases from 20 units to 30 units Output increases from 30 units to 40 units. 4. In Table 1, the lowest average total cost occurs at a production rate of A) 10 units per day. B) 20 units per day C) 30 units per day. D) 40 units per day Use the following to answer questions 5-10: не аиерикански щати

Answer 1

30 Output 0 10 20 Total lost - 30 55 fined cast 1 30 30 30 Variable cost o 25 48 0 70 Average total cost - 5.5 3.9 3.33 3.75 Marginal cost - 25 23 22 50 Fined cast Cost that is incurred at zero level of output and it will remain fireed to - all levels of output Total cost = fined cost + Variable cost Variable cost = total cost - Fired cost. Average total cost = Total last Marginal cost. = Additional cost incurred from producing entree level of output. AndwertA) Fired laste areequel to $30 Auswer2: D) Variable, cost increases ase moreases, equal Answer]: C) output increases thom 20 vuits to 30 writs. Answer" : () 30 unite per day. so, all of the above..

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