Case P Q TR TC TFC TVC AC AVC MC 2. 8000 1000 3.50 3.00 4.50 Step 1: Compare Pwith(AVC) (or Compare(TR with(TVC) 3.00 8000 If P Shut down. If P >AVC => go to step 2. Step 2: Compare P with MC please find P, Q, AFC, TVC and EXPLAIN how you get the answers.

Case P Q TR TC TFC TVC AC AVC MC 2. 8000 1000 3.50 3.00 4.50 Step 1: Compare Pwith(AVC) (or Compare(TR with(TVC) 3.00 8000 If P Shut down. If P >AVC => go to step 2. Step 2: Compare P with MC please find P, Q, AFC, TVC and EXPLAIN how you get the answers.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Case
P Q
TR
TC
TFC
TVC
AC
AVC
MC
2.
8000
1000
3.50 3.00 4.50
• Step 1: Compare Pwith(AVC) (or Compare(TRwith(TVC)
3.00
8000
If P<AVC => Shut down.
If P >AVC => go to step 2.
Step 2: Compare P with MC
please find P, Q, AFC, TVC and EXPLAIN how
you get the answers.

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