4. The following incomplete table shows a firm's various costs of producing up to 6 units of output. Fill in as much of the table as possible. If you cannot determine the number in a box, explain why it is not possible to do so. Q TC 1 100 A TVC TFC AC MC AVC 2345 5 6 140 20 95 170 120 B. QTC TVC TFC AC MC AVC 1 20 2 3456 6 144 72 18 10 15 30

4. The following incomplete table shows a firm's various costs of producing up to 6 units of output. Fill in as much of the table as possible. If you cannot determine the number in a box, explain why it is not possible to do so. Q TC 1 100 A TVC TFC AC MC AVC 2345 5 6 140 20 95 170 120 B. QTC TVC TFC AC MC AVC 1 20 2 3456 6 144 72 18 10 15 30

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 11RQ: What is die difference between accounting and economic profit?

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