Refer to the exhibit. The dollar amounts that go in blanks A, B, C, and D are, respectively, (1)Variable(2)Price perVariable Input(3)Total Fixed(4)(5)MarginalInputCostOutputCost1$10$105202$10$10550A$10$10590B$10$105120$10$105140D3.4)

Marginal cost is the change in total cost due to change in output produced. Marginal cost = (change…

Answered: (1) (2) (3) (4) (5) Variable Input…

(1) (2) (3) (4) (5) Variable Input Price per Marginal Cost Total Fixed Variable Input Cost Output 1 $10 $105 20 $10 $105 50 A $10 $105 90 4 $10 $105 120 3.

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

Refer to the exhibit. The dollar amounts that go in blanks A, B, C, and D are, respectively,

(1)
Variable
(2)
Price per
Variable Input
(3)
Total Fixed
(4)
(5)
Marginal
Input
Cost
Output
Cost
1
$10
$105
20
2
$10
$105
50
A
$10
$105
90
B
$10
$105
120
$10
$105
140
D
3.
4)

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