age verage Average Product Fixed Cost Variable Cost Cost Fixed Cost Variable Total (Q) (TFC) Cost (TVC) (TC) (MC) (AFC) Cost (AVC) Cost (ATC 1 $20.00 $40.00 K $50.00 Q V 3. $58.00 M W 4. $70.00 $85.00 Y Refer to Table 1A. Blanks F and Y can be best filled with values of and respectively. O $10.00; $21.00 $11.00; $22.00 O $10.00; $22.00 POR ST F CH - - C DE

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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Table 1A: Costs and Total Production for a Competitive Firm
Total
Total
Total
Total Marginal Average
Average
Average
Product Fixed Cost
Variable
Cost Cost
Fixed Cost
Variable
Total
(Q)
(TFC)
Cost (TVC) (TC) (MC)
(AFC)
Cost (AVC)
Cost (ATC)
1
$20.00
$40.00
A
F
$50.00
B G
L
Q
V
3.
$58.00
C
H.
M
R
W
4.
$70.00
D
$85.00
E J
Y
Refer to Table 1A. Blanks F and Y can be best filled with values of and
---
respectively.
O $10.00; $21.00
O $11.00; $22.00
O $10.00; $22.00
O $11.00; $21.00
Transcribed Image Text:Table 1A: Costs and Total Production for a Competitive Firm Total Total Total Total Marginal Average Average Average Product Fixed Cost Variable Cost Cost Fixed Cost Variable Total (Q) (TFC) Cost (TVC) (TC) (MC) (AFC) Cost (AVC) Cost (ATC) 1 $20.00 $40.00 A F $50.00 B G L Q V 3. $58.00 C H. M R W 4. $70.00 D $85.00 E J Y Refer to Table 1A. Blanks F and Y can be best filled with values of and --- respectively. O $10.00; $21.00 O $11.00; $22.00 O $10.00; $22.00 O $11.00; $21.00
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