Answer plzz... 5. Using the table below, if the firm produces at an output of four, what is their average andmarginal cost?TC9012345110180FCa. ATC=$10; MC = $30.b. ATC=$20; MC = $45.VC20ATCc. ATC=$30; MC = $35.d. indeterminate from the given information.AFC30AVC20MC10

Fixed costs refer to costs of production that do not depend on the output of a firm, i.e., are…

5. Using the table below, if the firm produces at an output of four, what is their average and marginal cost? 9012345 TC 110 180 FC a. ATC $10; MC = $30. b. ATC $20; MC-$45. - VC 20 ATC c. ATC=$30; MC = $35. d. indeterminate from the given information. AFC 30 AVC 20 MC 10

5. Using the table below, if the firm produces at an output of four, what is their average and marginal cost? 9012345 TC 110 180 FC a. ATC $10; MC = $30. b. ATC $20; MC-$45. - VC 20 ATC c. ATC=$30; MC = $35. d. indeterminate from the given information. AFC 30 AVC 20 MC 10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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