Given the cost information below, answer the following questions. Output Total Cost $ 40.00 10 118.40 20 163.20 30 188.80 40 209.60 50 240.00 Instructions: Enter your answers rounded to two decimal places. a. When output is 10, total variable cost is $ b. When output is 20, average fixed cost is $ c. When output is 30, average variable cost is $ d. When output is 40, average total cost is $ e. When output is 50, marginal cost is $

Given the cost information below, answer the following questions. Output Total Cost $ 40.00 10 118.40 20 163.20 30 188.80 40 209.60 50 240.00 Instructions: Enter your answers rounded to two decimal places. a. When output is 10, total variable cost is $ b. When output is 20, average fixed cost is $ c. When output is 30, average variable cost is $ d. When output is 40, average total cost is $ e. When output is 50, marginal cost is $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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