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25) Refer to Table 8.5. If Phoebe produces four swords, her average fixed costs are A) $2. B) $10. C) $12.50. D) $50. 26) Refer to Table 8.5. Assume that Phoebe is producing swords in a perfectly competitive market and the market price for swords is $30. To maximize profits Phoebe should produce ________ swords. A) two B) three C) four D) five

25) Refer to Table 8.5. If Phoebe produces four swords, her average fixed costs are A) $2. B) $10. C) $12.50. D) $50. 26) Refer to Table 8.5. Assume that Phoebe is producing swords in a perfectly competitive market and the market price for swords is $30. To maximize profits Phoebe should produce ________ swords. A) two B) three C) four D) five

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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25) Refer to Table 8.5. If Phoebe produces four swords, her average fixed costs are
A) $2. B) $10. C) $12.50. D) $50.
26) Refer to Table 8.5. Assume that Phoebe is producing swords in a perfectly competitive market and the market price for swords is $30. To maximize profits Phoebe should produce ________ swords.
A) two B) three C) four D) five

Refer to the information provided in Table 8.5 below to answer the question(s) that follow. Table 8.5 Number of TVC MC AVC TFC TC AFC ATC Swords 50 1. 25 2. 47.50 3 23.33 4 150 135
Transcribed Image Text:Refer to the information provided in Table 8.5 below to answer the question(s) that follow. Table 8.5 Number of TVC MC AVC TFC TC AFC ATC Swords 50 1. 25 2. 47.50 3 23.33 4 150 135
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