ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- QUESTION 14 Suppose a busness owner operates her business out of a building that she owns. Also assume that there are ho malntenance or utlity costs associated with the building This means that it is costless for the business owner to use the buildng to operate the business O True O False QUESTION 15 if the 15th unit of output has a marginal cost of s29.50 and the average total cost of producing 14 units of output is 3021 what will happen to the average total cost is the 15th unit is produced? O Average Total Cost will fal. O Average Total Cost will increase O Average Totual Cost could increase or decrease deperiding on whar happets to variable cost O Average Total Cost could inorease or decrease depending.on what happens to fed costarrow_forwardOutput AFC AVC ATC MC 1 300 100 400 100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43 103 146 180 8 38 119 156 230 9 33 138 171 290 10 30 160 190 360 Refer to the chart above. The total fixed costs are what?arrow_forwardQuestion 37 In this table, the average cost of producing 100 units of output is: R Output Total Cost Variable Cost 0 $5,000 $0 100 $5,700 $700 200 $6,300 $1,300 300 $7,100 $2,100 400 $8,000 $3,000 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a $57.00 Search b $31.50 C $20 d $23.67 Question 38 4- 4+ * hp 144 C f10 114 144 f12 + + 11 7/ ins prt sc delete home numarrow_forward
- Question 19 What is the marginal cost of the fourth unit? Q 1 FC VC 50 50 2 3 4 50 588 60 ○ 70 ○ 80 O O O TC MC AFC AVC ATC 60 120 60 500arrow_forwardQ3 need in 10 minutesarrow_forwardurses H 880 alendar 24 Inbox History ? Help SC K- 7 Q A Refer to the table below, which presents costs associated with a small business selling cookies. Total cost ($) 7 Quantity O cookies 1 cookie 2 cookies 3 cookies 4 cookies 5 cookies :8: 5.3 Calculate the average variable cost of producing 3 cookies. Do not express your answer in units (i.e., if your answer is "$600", type "600"). If necessary, round your answer to one decimal place. 2 W S F2 # 3 80 F3 20 E JAN 5 D $ 4 888 R F F4 % 5 T F5 6 me F6 MacBook Air Y H & N 8⁰ 10.50 13.50 16 18 20 7 F7 U tv NAⓇ * 8 J ► 11 FO ( 9 D 1 K F9 O ) O W F10 L P Aa zoom + { 1 Submit F12 M htm delesarrow_forward
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