1) FC = $20, VC = $10, what is TC? What is ATC if the quantity is%3D5?2) If your ATC = $5 when quantity is 10, then what is your totalcost?3) If AVC = $3 when quantity is 10 then what is the total variable%3Dcosts?

Since you have asked multiple questions, we will solve the first question for you. If you want any…

Answered: FC = $20, VC = $10, what is TC? %3D %3D

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Economics

FC = $20, VC = $10, what is TC? %3D %3D

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

1) FC = $20, VC = $10, what is TC? What is ATC if the quantity is
%3D
5?
2) If your ATC = $5 when quantity is 10, then what is your total
cost?
3) If AVC = $3 when quantity is 10 then what is the total variable
%3D
costs?

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