4 Price $30 20 10 Figure 21-9 20 MC ATC ZAVC 60 40 Quantity Refer to Figure 21-9. Calculate the firm's approximate total cost when average total cost is at a minimum. O a. $100 O b. $160 OC. $480 O d. $600 80

4 Price $30 20 10 Figure 21-9 20 MC ATC ZAVC 60 40 Quantity Refer to Figure 21-9. Calculate the firm's approximate total cost when average total cost is at a minimum. O a. $100 O b. $160 OC. $480 O d. $600 80

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

ο ο ο ο ο
Refer
Price
50
$30
20
10
Figure 21-9
20
MC
60
ATC
AVC
40
Quantity
to Figure 21-9. Calculate the firm's approximate total cost when average total cost is at a minimum.
O a. $100
O b. $160
OC. $480
d. $600
80

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