Homework Answers
10) AFC = ATC - AVC = 12 - 8 = 4
11) TC = ATC x Q = 10 x 13 = 130
12) TFC = TC - VC = 10 x 13 - 10 x 7 = 60
13) MC = 7 (corresponding to Q = 10)
14) Q = 15 (where MC crosses ATC)
15) Q = 10 (where AVC starts increasing)
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