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Use the following table to answer questions 6-9: Number of VC MC AVC Earrings FCTC AFC ATC 0 B 2 30 А 20 D 180 6) What should

6-9 please

Use the following table to answer questions 6-9: Number of MC AVC Earrings VC FC T C AFC ATC B 2 30 20 D 180 6) What should t
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Answer #1

Here AFC is given as 30.

AFC is FC/Q.

30= FC/2 or FC = 60. It will be the same throughout. Hence B=60.

For Q=3, TC =110. VC=110-60 = 50 since TC=VC+FC.

For Q=4, AVC =20. AVC = VC/Q

VC= 20*4 =80.

Thereforw, marginal cost for the fourth unit will be, 80-50 = 30. A=30.

For Q=4, TC = VC+FC = 80+ 60 = 140.

ATC for Q=4 will be 140/4 = 35.

C=35

For Q=5, TC = 180.

TC=VC+FC which implies VC = TC-FC = 180-60 = 120.

AVC for Q= 5 will be 120/5 = 24 =D

6) d) 30

7 b) 60

8e) None of the above.

9b) 24.

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