Q32 ciples of MicroecoAssume that the fixed cost of producing good A is $20. If the marginal cost of producing the sinth uni ofgood A is S10 and the average variable cost of producing the first 5 unis is $30, thenO the total cost of producing 5 units is S660O the total cost of producing 5 units is S1.50O the total cost of producing 6 units is S160O the total variable cost of produucing 6 units is S160O the total variable cost of producing 6 units is Sl80GustuckAnswer the question abbore by clicking on the correTresponse

Given Fixed cost = $20 AVC(5) = $30 MC(6)= $10

Assume that the fixed cost of producing good A is $20. If the marginal cost of producing the sinth uni of good A is S10 and the average variable cost of producing the first 5 units is $30, then be fotal cost of producing 5 units is $60 Cing 5 units is S1.50

Assume that the fixed cost of producing good A is $20. If the marginal cost of producing the sinth uni of good A is S10 and the average variable cost of producing the first 5 units is $30, then be fotal cost of producing 5 units is $60 Cing 5 units is S1.50

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 4CQQ

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Comparative Advantage and Absolute Advantage Analysis

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Question

Q32

ciples of Microeco
Assume that the fixed cost of producing good A is $20. If the marginal cost of producing the sinth uni of
good A is S10 and the average variable cost of producing the first 5 unis is $30, then
O the total cost of producing 5 units is S660
O the total cost of producing 5 units is S1.50
O the total cost of producing 6 units is S160
O the total variable cost of produucing 6 units is S160
O the total variable cost of producing 6 units is Sl80
Gustuck
Answer the question abbore by clicking on the correTresponse

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