a. When output is 10, total variable cost is $ b. When output is 20, average fixed cost is $ c. When output is 30, average variable cost is $ d. When output is 40, average total cost is $ e. When output is 50, marginal cost is $

Survey Of Economics
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ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Б
ces
Connect Problem CP 09-08 (algo)
Given the cost information below, answer the following questions.
Output
0
10
20
30
40
50
Total Cost
$ 40.00
118.40
163.20
188.80
209.60
240.00
Instructions: Enter your answers rounded to two decimal places.
a. When output is 10, total variable cost is $
b. When output is 20, average fixed cost is $
c. When output is 30, average variable cost is $
d. When output is 40, average total cost is $
e. When output is 50, marginal cost is $
Transcribed Image Text:Б ces Connect Problem CP 09-08 (algo) Given the cost information below, answer the following questions. Output 0 10 20 30 40 50 Total Cost $ 40.00 118.40 163.20 188.80 209.60 240.00 Instructions: Enter your answers rounded to two decimal places. a. When output is 10, total variable cost is $ b. When output is 20, average fixed cost is $ c. When output is 30, average variable cost is $ d. When output is 40, average total cost is $ e. When output is 50, marginal cost is $
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