Question 1 (1 point) TTC VC FC AC AVC AFC MC 0 N 1 2 H...

Question

Question

Answer 1

Answer #1

1. AVC = VC/Q = 2/1 = 2

The correct option is B. H=2.

2. TC for 3 units = AC*Q = 6*3 = 18

VC for 3 units = AVC*Q = 5*3 = 15

FC for all units (since it is same) = 18-15 = 3

TC for 1 unit = 2+3 = 5

TC for 2 units = TC for 1 unit + MC = 5+3 = 8

The correct option is B. M = 8

3. The correct option is A. G = 3.

We have calculated this in previous section.

4. The correct option is A. N = 0.

This is because at 0 unit of output the variable cost is always zero.

NOTE: I HOPE YOU WILL BE SATISFIED WITH MY ANSWER PLEASE DO PROVIDE RATING. THANK YOU AND HAVE A NICE DAY. :))

Answer 2

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