The diagram displays short-run cost curves for a facility that produces liquid crystal display (LCD) screens for cell phones: a) What are the daily total fixed costs of producing LCD screens? b) What are the total variable costs of producing 100 LCD screens per day? c) What are the total costs of producing 100 LCD screens per day? d) What is the marginal cost of producing 100 LCD screens instead of 99? (Hint: To answer this question, you must first determine the total costs-or, alternatively, the total variable costs of producing 99 LCD screens.)

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The diagram displays short-run cost curves for a facility that produces liquid crystal display (LCD) screens for cell phones:

 

a) What are the daily total fixed costs of producing LCD screens?
b) What are the total variable costs of producing 100 LCD screens per day?
c) What are the total costs of producing 100 LCD screens per day?
d) What is the marginal cost of producing 100 LCD screens instead of 99? (Hint: To answer this question, you must first determine the total costs-or, alternatively, the total variable costs of producing 99 LCD screens.)

10.101
AVC
10.07
10
AFC
99 100
Output (LCD screens per day)
Costs (dolars per LCD screer
Transcribed Image Text:10.101 AVC 10.07 10 AFC 99 100 Output (LCD screens per day) Costs (dolars per LCD screer
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