3. Consider the following table: (1) (2) (3) (4) (5) (5) (7) (8) OUTPUT FC TC AFC AVC ATC MC 5000 5000 10 5000 (a) 7000 500 200 (b) 200 25 (C) 6000 (d) 200 (e) 440 (A 45 5000 (9) 14000 111 200 (h) 150 58 5000 12000 (i) 86 () 293 (k) 65 5000 (L) 20000 (m) 231 308 429 (n) 5000 18000 23000 71 257 329 (0)
3. Consider the following table: (1) (2) (3) (4) (5) (5) (7) (8) OUTPUT FC TC AFC AVC ATC MC 5000 5000 10 5000 (a) 7000 500 200 (b) 200 25 (C) 6000 (d) 200 (e) 440 (A 45 5000 (9) 14000 111 200 (h) 150 58 5000 12000 (i) 86 () 293 (k) 65 5000 (L) 20000 (m) 231 308 429 (n) 5000 18000 23000 71 257 329 (0)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

Transcribed Image Text:3. Consider the following table:
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
OUTPUT
FC
VC
TC
AFC
AVC
ATC
MC
5000
5000
10
5000
(a)
7000
500
200
(b)
200
25
(C)
6000
(d)
200
(e)
440
(A
45
5000
(a)
14000
111
200
(h)
150
58
5000
12000
(i)
86
()
293
(k)
65
5000
(L)
20000
(m)
231
308
429
(n)
5000
18000
23000
71
257
329
(0)
(i) List down only the formula that you would need to figure out the values in column
4-8.
(ii) Copy the table on paper and fill in the blanks from (a) to (0). Show your calculation
in the answer sheet.
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