Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 3.7IP
Related questions
Question
#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 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcb48bc83-e319-45b2-b4b5-612730c670a1%2F31975e21-2c93-4caa-a81a-8c0181d4337a%2Fmbbmvhq_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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