![4. Use the figure below to compute short-run costs at 100 units and for answers] ute short-run costs at 100 units and 300 uni](http://img.homeworklib.com/questions/fb1123f0-52b4-11eb-9c89-236d74dc9802.png?x-oss-process=image/resize,w_560)
Homework Answers
At 100 units of output
ATC = 25
AVC = 10
AFC= ATC-AVC = 25-10 = 15
TFC = (AFC)(Q)= (15)(100)= 1500
TVC = (AVC)(Q)= (10)(100)= 1000
TC = (ATC)(Q)= (25)(100)= 2500
SMC= 2.5
At 300 units of output.
AVC= 10
ATC= 15
AFC= ATC-AVC= 15-10= 5
TFC= (AFC)(Q)= (5)(300)= 1500
TVC = (AVC)(Q)= (10)(300)= 3000
TC = (ATC)(Q) = (15)(300)= 4500
SMC = 30
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4. Use the figure below to compute short-run costs at 100 units and for answers] ute...
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