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TV manufacturer can produce 200 TVs in a month at a total $140000 and 400 TVs at a total cost $300000. Find the company’s monthly fixed costs and marginal cost per TV.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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TV manufacturer can produce 200 TVs in a month at a total $140000 and 400 TVs at a total cost $300000. Find the company’s monthly fixed costs and marginal cost per TV.

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