2. Fill in the missing costs from the table provided Quantity Total Average Total of Fixed Fixed Variable Cost Cost (AFC) (TVC) $0 30 Output Cost (Q) (TFC) 0 $200 1 200 2 3 4 5 LD 6 7 8 9 10 200 200 200 200 200 200 200 200 200 3. Answer each of the following: 50 60 65 75 95 125 165 215 275 Average Variable Cost (AVC) Total Cost (TC) a. If TVC-$80 and AVC=4, then what does quantity (Q) equal? Average Marginal Total Cost Cost (MC) (ATC) b. If total cost is $40 when Q=2 and total cost is $45 when Q-3, then what does marginal cost equal? c. What does average variable cost at Q=2 if total variable cost is $15?

2. Fill in the missing costs from the table provided Quantity Total Average Total of Fixed Fixed Variable Cost Cost (AFC) (TVC) $0 30 Output Cost (Q) (TFC) 0 $200 1 200 2 3 4 5 LD 6 7 8 9 10 200 200 200 200 200 200 200 200 200 3. Answer each of the following: 50 60 65 75 95 125 165 215 275 Average Variable Cost (AVC) Total Cost (TC) a. If TVC-$80 and AVC=4, then what does quantity (Q) equal? Average Marginal Total Cost Cost (MC) (ATC) b. If total cost is $40 when Q=2 and total cost is $45 when Q-3, then what does marginal cost equal? c. What does average variable cost at Q=2 if total variable cost is $15?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?
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