Homework Answers
ANswer
The L denote the average total cost of the second unit of
output
the marginal cost of n th unit = total cost of n units - a total
cost of n-1 units
MC(n)=TC(n)-TC(n-1)
TC(n)=MC(n)+TC(n-1)
TC(2)=150+120=270
average total cost =TC/Q
ATC(2)=270/2
=$135
the value of L is $135
Option B
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QUESTION 10 Table 13-5 The Flying Elvis Copter Rides Quantity ariable Average xed ost Average Total...
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Table 13-5 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable cost Marginal Cost Average Fixed Cost Average Nariable Cost Average Total Cost SO B D IF 0 1 2 3 $50 $150 G IM $50 A H IN C $120 IE K $120 Q R Refer to Table 13-5. What is the value of L? $60 $135 $240 5270
ming MINDTAP chepter 13 micro 1 Economics Flshcards 1Gz Q Search this cour ent: Homework 5...
ming MINDTAP chepter 13 micro 1 Economics Flshcards 1Gz Q Search this cour ent: Homework 5 ing: 1:37:18 Assigement Score: 0.00% Save Submit Assignment for Grading 065.13.3-MC-MANKO8 Question 18 of 30 Table 13-7 The Flying Elvis Copter Rides Quantity Total Fixed Variable Marginal Average Average Average Cost Cost Fixed Cost Cost Total Variable Cost Cost Cost 0 1 2 3 $50 I$150 G M $50 A $0 B C $120 P E K I$120 F R Refer to Table 13-7....
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19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Aver...
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what is the average variable cost went output is 50 units Table 13-15 Output Total Cost...
what is the average variable cost went output is 50
units
Table 13-15 Output Total Cost S40 S60 590 5130 SINO $240 Refer to Table 13-15. What is average variable cost when output is 50 units? Select one: a. $4.00 b. 53.60 C. $4.40 d. 54.80
please help with this microeconomics question! on 15 Table 13-16 t red Average Variable Marginal Average...
please help with this microeconomics question!
on 15 Table 13-16 t red Average Variable Marginal Average Total out of Average Quantity Total Cost Fixed Fixed Cost Cost Cost Variable Cost Cost Cost ion 0 $24 1 $16 2 $50 3 $108 $40 Refer to Table 13-16. What is the total cost of producing 2 units of output? Select one O a $58 b.$50 c$76 d. $74
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ming MINDTAP chepter 13 micro 1 Economics Flshcards 1Gz Q Search this cour ent: Homework 5 ing: 1:37:18 Assigement Score: 0.00% Save Submit Assignment for Grading 065.13.3-MC-MANKO8 Question 18 of 30 Table 13-7 The Flying Elvis Copter Rides Quantity Total Fixed Variable Marginal Average Average Average Cost Cost Fixed Cost Cost Total Variable Cost Cost Cost 0 1 2 3 $50 I$150 G M $50 A $0 B C $120 P E K I$120 F R Refer to Table 13-7....
Table 13-9 Output Total Cost 니c 0 40 10 60 20 90 30 130 40 180 50 240 5. Refer to Table 13-9. What is average variable cost when output is 50 units? $3.60 b. $4.00 $4.40 d. $4.80 a. с.
19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Average Total Cost 0 $24 $16 $50 $108 Refer to Table 13-16. What is the fixed cost of producing units of output? a. $16 b. $24 C. $12 d. $0 20. Refer to Table 13-16 in Question 19. What is the total cost of producing 2 units of output? a $76 b. $74 C. $58 d. $50 21. Refer to Table 13-16 in...
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QUESTION 1 Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 $24 $50 3 $108 $40 Refer to Table 13-16. What is the total cost of producing 2 units of output? a. $76 b. $50 c. $58 d. $74 Figure 14-13 Suppose a firm in a competitive industry has the following cost curves: sem MC ATC AVC Refer to Figure 14-13. If the price is $6 in the...
AGE MINDTAP Q Search thi 45 Table 13-14 Quantity Fixed Average Total Average Fixed Cost Average Variable Cost Variable Cost $23 Total Cost $33 Output Marginal Cost Cost Cost $38 o 3 $60 o $54 o $80 o $88 o $113 o o Refer to Table 13-14. What is the average total cost of producing 6 units of output? a $19.67 1000 b. 520.00 $16.33 d. 21.86 MacBook Air
what is the average variable cost went output is 50
units
Table 13-15 Output Total Cost S40 S60 590 5130 SINO $240 Refer to Table 13-15. What is average variable cost when output is 50 units? Select one: a. $4.00 b. 53.60 C. $4.40 d. 54.80
please help with this microeconomics question!
on 15 Table 13-16 t red Average Variable Marginal Average Total out of Average Quantity Total Cost Fixed Fixed Cost Cost Cost Variable Cost Cost Cost ion 0 $24 1 $16 2 $50 3 $108 $40 Refer to Table 13-16. What is the total cost of producing 2 units of output? Select one O a $58 b.$50 c$76 d. $74
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