#5 4) A firm sees TC of $8 when they produce 1 unit, and a TC of$12 when they produce two units. What is the MC when theyproduce two units?5) If AVC = 20 & ATC = 25, then what is AFC?6) If a firm produces 100 units of output and has an averagetotal cost of $6 then what is their total cost?%3D%D

Fixed cost is independent of output produced.

Answered: 5) If AVC = 20 & ATC = 25, then what is…

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5) If AVC = 20 & ATC = 25, then what is AFC? %3D %3D 6) If a firm produces 100 uunits of output and has an avera

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

4) A firm sees TC of $8 when they produce 1 unit, and a TC of
$12 when they produce two units. What is the MC when they
produce two units?
5) If AVC = 20 & ATC = 25, then what is AFC?
6) If a firm produces 100 units of output and has an average
total cost of $6 then what is their total cost?
%3D
%D

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