Find FC, VC, TC, AFC, AVC, ATC, and MC from the following table. Capital costs $50 per unit, and two units of capital a...

Question

Question

Find FC, VC, TC, AFC, AVC, ATC, and MC from the following table. Capital costs $50 per unit, and two units of capital are use

Answer 1

✔ Recommended Answer

Answer #1

FC=50*2 =100

VC=20*L

TC=FC+VC

ATC=TC/Q

AFC=FC/Q

AVC=VC/Q

MC=change in TC/change in Q

Answer 2

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