TC = TVC + TFC TVC = AVC * q TFC = AFC * q TC ATC = AFC + AVC TFC AFC = TVC AVC = ATC MC = Да 6. If producing one more unit will change TC from 150 to 160, what is MC?

Output 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?

At what level of output is average cost a minimum? What is the average cost (AC) at that output? What is the Marginal Cost (MC) at that output?

1,200 B TC 1,000 850 700 TVC A 500 2 3 Number of microwave ovens 6. Refer to the figure above. Based on the information shown, the average fixed costs of producing two units of output are: 500 Cost in dollars

Cost in dollars 1,200 1,000 850 700 500 0 500 B TC TVC 2 3 6 Number of microwave ovens Refer to the figure above. Based on the information shown, the average fixed costs of producing two units of output are:

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