! The next four questions refer to the information in this table:QuantityPrice TRMRTFC$ 4TVC TCATC MCProfit$102.4.33.4.6.4.4136.442116. What is the marginal cost of the third unit (i.e., the marginal cost of going from Q-2 to Q-3)?a.$2b. $3C.$4d. $5e.$617. What is the average total cost when Q4?a.$1b.$2c.$3d. $4S518. What is the marginal revenue of the fifth unit (i.e., the marginal revenue associated with going from Q-4 toQ-5)?a.$7b. $5C.$3d.$1e.SI19. What is the fim's profit-maximizing quantity of output?a. 5b.4C.3.d.2.e.

The next four questions refer to the information in this table: Quantity Price TR $10 MR TFC $ 4 TVC TC $0 2. ATC MC Profit 9. 4. 2. 8. 3 3. 4 4 6. 4 8. 4 13 6. 4. 4. 21 16. What is the marginal cost of the third unit (i.e., the marginal cost of going from Q-2 to Q-3)? $2 b. a. $3 C. $4 d. $5 $6 17. What is the average total cost when Q4? a. $1 b. $2 C. $3 d. $4 $5 18. What is the marginal revenue of the fifth unit (i.e., the marginal revenue associated with going from Q4 to Q-5)? a. $7 b. $5 C. $3 S1 e. SI

The next four questions refer to the information in this table: Quantity Price TR $10 MR TFC $ 4 TVC TC $0 2. ATC MC Profit 9. 4. 2. 8. 3 3. 4 4 6. 4 8. 4 13 6. 4. 4. 21 16. What is the marginal cost of the third unit (i.e., the marginal cost of going from Q-2 to Q-3)? $2 b. a. $3 C. $4 d. $5 $6 17. What is the average total cost when Q4? a. $1 b. $2 C. $3 d. $4 $5 18. What is the marginal revenue of the fifth unit (i.e., the marginal revenue associated with going from Q4 to Q-5)? a. $7 b. $5 C. $3 S1 e. SI

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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