ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
es
Output
6
1
2
3
4
5
S
6
17
8
9
Total Cost
$ 2,500
3,416
4,040
4.480
4,900
5,220
5,540
6,310
7,328
9,718
2500
Total
Variable
Cost
b. What is the value of total fixed cost?
6 units
$
0
units
910
1540
1980
2400
2720
3040
3810
4820
7210
Marginal Cost
c. What is the most productive level of output?
$
910
630
440
420
320
320
770
1010
2390
Average
Total Cost
$
d. At what output is economic capacity?
Output:
e. If TFC doubled, what is the marginal cost of the 7th unit?
3410
2020
1493.33
1225
1044
923.33
901.42
915
1078.89
Average
Variable Cost
$
910
770
660
600
544
506.67
544 29
6025
801.11
Average
Fixed Cost
2500
1250
833.33
625
500
416.67
35713
312.5
27778
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Transcribed Image Text:es Output 6 1 2 3 4 5 S 6 17 8 9 Total Cost $ 2,500 3,416 4,040 4.480 4,900 5,220 5,540 6,310 7,328 9,718 2500 Total Variable Cost b. What is the value of total fixed cost? 6 units $ 0 units 910 1540 1980 2400 2720 3040 3810 4820 7210 Marginal Cost c. What is the most productive level of output? $ 910 630 440 420 320 320 770 1010 2390 Average Total Cost $ d. At what output is economic capacity? Output: e. If TFC doubled, what is the marginal cost of the 7th unit? 3410 2020 1493.33 1225 1044 923.33 901.42 915 1078.89 Average Variable Cost $ 910 770 660 600 544 506.67 544 29 6025 801.11 Average Fixed Cost 2500 1250 833.33 625 500 416.67 35713 312.5 27778
w
d. At what output is economic capacity?
Output:
e. If TFC doubled, what is the marginal cost of the 7th unit?
Marginal cost: $
units
0
Prev
6 of 8 --
SAMSUNG
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Transcribed Image Text:w d. At what output is economic capacity? Output: e. If TFC doubled, what is the marginal cost of the 7th unit? Marginal cost: $ units 0 Prev 6 of 8 -- SAMSUNG
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