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22. Refer to Table 13-15, What is the total fixed cost for this firm? a. $30 b. $20 c. $40 d. $50 23. Refer to Table 13-15. What is average fixed cest when output is 40 unts? a. $8.00 b. $3.32 c. S1.00 d. 55.00 24. If long-run average total cost decreases as the quantity of output increses, the fitm.is experiencing a. fixed costs greatly exceeding variable costs. b. economies of scale. c. diseconomies of scale. dr coordination problems arising from the large size of the firm.

22. Refer to Table 13-15, What is the total fixed cost for this firm? a. $30 b. $20 c. $40 d. $50 23. Refer to Table 13-15. What is average fixed cest when output is 40 unts? a. $8.00 b. $3.32 c. S1.00 d. 55.00 24. If long-run average total cost decreases as the quantity of output increses, the fitm.is experiencing a. fixed costs greatly exceeding variable costs. b. economies of scale. c. diseconomies of scale. dr coordination problems arising from the large size of the firm.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Table 13-15 Output (Q) Total Cost (TC) 10 20 $40 $60 $90 30 40 So $130 S180 $240 22. Refer to Table 13-15. What is the total fixed cost for this firmm a $30 b. $20 c. $40 d. $50 23. Refer t Table 13-15. What is average fixed cest when outpu18 40 voits a $8.00 b. 53.32 c. ST.00 d.55.00 24. If long-run average total cost decreases as the quantity of outpur increaes, the firm-is experiencing a. fixed costs greatly exceeding variable costs. b. economies of scale. c diseconomes of scale. dr coordinatioo problems arising froar the large size of the firs.
Transcribed Image Text:Table 13-15 Output (Q) Total Cost (TC) 10 20 $40 $60 $90 30 40 So $130 S180 $240 22. Refer to Table 13-15. What is the total fixed cost for this firmm a $30 b. $20 c. $40 d. $50 23. Refer t Table 13-15. What is average fixed cest when outpu18 40 voits a $8.00 b. 53.32 c. ST.00 d.55.00 24. If long-run average total cost decreases as the quantity of outpur increaes, the firm-is experiencing a. fixed costs greatly exceeding variable costs. b. economies of scale. c diseconomes of scale. dr coordinatioo problems arising froar the large size of the firs.
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