Assume that the operation has the cost function C(O) = 200 - 30 - 80- 40 and the marginal cost function MC (0) = 3 - 160 - 120? Determine the following: Average fixed cost to product 6 units of output. Average variable cost to produce 6 untis of output. Marginal cost to produce 6 units of outout Average total cost to produce 6 units of output

Assume that the operation has the cost function C(O) = 200 - 30 - 80- 40 and the marginal cost function MC (0) = 3 - 160 - 120? Determine the following: Average fixed cost to product 6 units of output. Average variable cost to produce 6 untis of output. Marginal cost to produce 6 units of outout Average total cost to produce 6 units of output

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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