Table 13-5 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable cost Marginal Cost...

Question

Question

Answer 1

Answer #1

Answer: $135

L represents the Average total cost for the quantity of 2.

Total cost for quantity 1 = $150

Marginal cost for quantity 2 = $120

Total cost for quantity 2 = $150+$120 = $270

Average total cost for quantity 2 = $270/2 = $135

Answer 2

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