b. What is the value of total fixed cost? $ 2500 c. What is the most productive level of output? 6 units d. At what output is economic capacity? Output: units e If TFC doubled what is the marginal cost of the 7th unit?
b. What is the value of total fixed cost? $ 2500 c. What is the most productive level of output? 6 units d. At what output is economic capacity? Output: units e If TFC doubled what is the marginal cost of the 7th unit?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![es
Output
6
1
2
3
4
5
S
6
17
8
9
Total Cost
$ 2,500
3,416
4,040
4.480
4,900
5,220
5,540
6,310
7,328
9,718
2500
Total
Variable
Cost
b. What is the value of total fixed cost?
6 units
$
0
units
910
1540
1980
2400
2720
3040
3810
4820
7210
Marginal Cost
c. What is the most productive level of output?
$
910
630
440
420
320
320
770
1010
2390
Average
Total Cost
$
d. At what output is economic capacity?
Output:
e. If TFC doubled, what is the marginal cost of the 7th unit?
3410
2020
1493.33
1225
1044
923.33
901.42
915
1078.89
Average
Variable Cost
$
910
770
660
600
544
506.67
544 29
6025
801.11
Average
Fixed Cost
2500
1250
833.33
625
500
416.67
35713
312.5
27778](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F045a8244-192b-480f-be1a-1c18909686a5%2Fd72f33a4-b106-4d31-a258-496526b4da4d%2F38mvklr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:es
Output
6
1
2
3
4
5
S
6
17
8
9
Total Cost
$ 2,500
3,416
4,040
4.480
4,900
5,220
5,540
6,310
7,328
9,718
2500
Total
Variable
Cost
b. What is the value of total fixed cost?
6 units
$
0
units
910
1540
1980
2400
2720
3040
3810
4820
7210
Marginal Cost
c. What is the most productive level of output?
$
910
630
440
420
320
320
770
1010
2390
Average
Total Cost
$
d. At what output is economic capacity?
Output:
e. If TFC doubled, what is the marginal cost of the 7th unit?
3410
2020
1493.33
1225
1044
923.33
901.42
915
1078.89
Average
Variable Cost
$
910
770
660
600
544
506.67
544 29
6025
801.11
Average
Fixed Cost
2500
1250
833.33
625
500
416.67
35713
312.5
27778
![w
d. At what output is economic capacity?
Output:
e. If TFC doubled, what is the marginal cost of the 7th unit?
Marginal cost: $
units
0
Prev
6 of 8 --
SAMSUNG](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F045a8244-192b-480f-be1a-1c18909686a5%2Fd72f33a4-b106-4d31-a258-496526b4da4d%2Fhb3ro4i_processed.jpeg&w=3840&q=75)
Transcribed Image Text:w
d. At what output is economic capacity?
Output:
e. If TFC doubled, what is the marginal cost of the 7th unit?
Marginal cost: $
units
0
Prev
6 of 8 --
SAMSUNG
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