1. Consider Jones Company that has the following cost schedule. Table 8-1 OutputTotal Total fixed Total (Q) Marginal cost (MC) cost (TFC) variable cost (TVC) cost (TC) $40 D 1 2 3 A 12 60 64 В 40 C (Table 8-1) Which of the following refers to C? A. $40 В. $4 C. $20 D. $52 2. (Table 8-1) Which of the following refers to A? A. $20 B. $52 C. $4 D $40

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A: According to the question MC = 25 + 30Q – 9Q^2 and FC = 55

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A:

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A:

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A: We answer only one question at a time. Since the second question is a sub-part of the first…

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A: TC=TFC+TVC AVC=TVC/Q MC=change in TC/change in Q fixed cost is independent of output produced.

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A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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