175 125 100 80 Price Figure 14-7 270 322 515 MC A ATC AVC Quantity Refer to Figure 14-7. Suppose AVC=S113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to a. $5,500, and its profit amounts to $20,375. b. $5,750, and its profit amounts to $20,375 •

175 125 100 80 Price Figure 14-7 270 322 515 MC A ATC AVC Quantity Refer to Figure 14-7. Suppose AVC=S113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to a. $5,500, and its profit amounts to $20,375. b. $5,750, and its profit amounts to $20,375 •

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

175
125
100
80
Price
.
Figure 14-7
270 322
515
MC
ATC
AVC
Quantity
Refer to Figure 14-7. Suppose AVC=$113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to
a. $5,500, and its profit amounts to $20,375.
b. S5,750, and its profit amounts to $20,375
c. $5,980, and its profit amounts to $25,750.
d. S6,180, and its profit amounts to $25,750.

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