Homework Answers
average total cost forthe factory to produce 40 tires
=(fixed cost+variable cost)/number of production units
=(200+1000)/40
=30 (answer)
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Question 4 (1 point) Quantity of Tires Fixed Cost $200 Total Variable Cost 0 10 ?...
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Quantity of Tires 0 Fixed Cost $150 10 20 Total Variable Cost ? $100 $300 $600 $1000 $1500 ? ? ? ? ? 30 40 50 The table above shows the costs for a tire factory. What is the average total cost for the factory to produce 30 tires? $20 $10 $15 $25
$60 $50 $40 Long-Run Average Total Cost $30 $20 $10 $0 0 100 200 700 800 900 300 400 500 600 Quantity of Necklaces 600 700 800 900 Quantity of Necklaces The above graph shows the long run average total cost for a factory that produces necklaces. Between which of the following quantities does this factory experience economies of scale? 300 necklaces and 900 necklaces O necklaces and 300 necklaces 500 necklaces and 900 necklaces 300 necklaces and 500 necklaces...
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