Based on your knowledge of the definition of the various measures of short-run cost, complete the Table-2 given below: Table-2 Average Average Variable Fixed Cost Cost Total Total Total Quantity Average Cost Marginal Cost Fixed Variable Cost Cost Cost 10 1 4 14.00 4.00 4 2 17 7 3 6.33 3.33 3.00 2 4 23 13 5.75 2.50 5 19 3.80 6. 38 9. 7 1.43 5.71 8 9.38 1.25 8.13 15

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Q.2
Based on your knowledge of the definition of the various measures of short-run cost,
complete the Table-2 given below:
Table-2
Total
Total
Average Average
Total
Average
Marginal
Quantity
Fixed
Variable
Fixed
Variable
Cost
Cost
Cost
Cost
Cost
Cost
Cost
10
1
4
14.00
4.00
4
17
7
3
6.33
3.33
3.00
4
23
13
5.75
2.50
5
19
3.80
38
9
7
1.43
5.71
8
9.38
1.25
8.13
15
Transcribed Image Text:Q.2 Based on your knowledge of the definition of the various measures of short-run cost, complete the Table-2 given below: Table-2 Total Total Average Average Total Average Marginal Quantity Fixed Variable Fixed Variable Cost Cost Cost Cost Cost Cost Cost 10 1 4 14.00 4.00 4 17 7 3 6.33 3.33 3.00 4 23 13 5.75 2.50 5 19 3.80 38 9 7 1.43 5.71 8 9.38 1.25 8.13 15
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