The diagram to the right displays short-run cost curves for a facility that produces liquid crystal display (LCD) screens for cell phones. a. What are the daily total fixed costs of producing 300 LCD screens? $999 (Round your answer to the nearest penny.) b. What are the total variable costs of producing 300 LCD screens per day? $1275 (Round your answer to the nearest penny.) c. What are the total costs of producing 300 LCD screens per day? $ 2274 (Round your answer to the nearest penny.) d. What is the average total cost of producing 300 LCD screens? $ (Round your answer to the nearest penny.) Costs (dollars per LCD screen) 12.00 11.00- 10.00- 9.00- 8.00- 7.00- 6.00- 5.00+ 4.00 13.33 .. 3.00- 2.00- 5.00 4.25 1.00- AVC AFC

The diagram to the right displays short-run cost curves for a facility that produces liquid crystal display (LCD) screens for cell phones. a. What are the daily total fixed costs of producing 300 LCD screens? $999 (Round your answer to the nearest penny.) b. What are the total variable costs of producing 300 LCD screens per day? $1275 (Round your answer to the nearest penny.) c. What are the total costs of producing 300 LCD screens per day? $ 2274 (Round your answer to the nearest penny.) d. What is the average total cost of producing 300 LCD screens? $ (Round your answer to the nearest penny.) Costs (dollars per LCD screen) 12.00 11.00- 10.00- 9.00- 8.00- 7.00- 6.00- 5.00+ 4.00 13.33 .. 3.00- 2.00- 5.00 4.25 1.00- AVC AFC

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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