Homework Answers
D. $67,500
Total cost of production = $5,000 + $2.5X
Total cost of production = $5,000 + $2.5(25,000)
Total cost of production = $67,500
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Practice Question 14 The cost function for a firm is total costs = $5,000 + $2.5X,...
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e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production of the 10th it fo r of outputut the firm produse marinat revenue of land them the firm's profi not the 100th unit of t h e firm's average total costs C. Firm's profit-maximize ve futut is less than 100 units. d. production of the 101st unit of output the lost unit of output must increase the firm's...
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