LMPLFCVCTCAFCAVCATCMC(workers) (units) (units)($)($)($)(S)($)($)(S)19021033204420510590660The average total cost of producing 590 gadgets isproducing 510 gadgets.the average total cost ofO greater thanless thanequal tonot enough information

The average total cost of producing 590 gadgets and the average total cost of producing 510 gadgets.…

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| cost of producing 590 gadgets is --- the average total cos adgets.

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

L
MPL
FC
VC
TC
AFC
AVC
ATC
MC
(workers) (units) (units)
($)
($)
($)
(S)
($)
($)
(S)
1
90
210
3
320
4
420
510
590
660
The average total cost of producing 590 gadgets is
producing 510 gadgets.
the average total cost of
O greater than
less than
equal to
not enough information

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