esOutput612345S61789Total Cost$ 2,5003,4164,0404.4804,9005,2205,5406,3107,3289,7182500TotalVariableCostb. What is the value of total fixed cost?6 units$0units91015401980240027203040381048207210Marginal Costc. What is the most productive level of output?$91063044042032032077010102390AverageTotal Cost$d. At what output is economic capacity?Output:e. If TFC doubled, what is the marginal cost of the 7th unit?341020201493.3312251044923.33901.429151078.89AverageVariable Cost$910770660600544506.67544 296025801.11AverageFixed Cost25001250833.33625500416.6735713312.527778 wd. At what output is economic capacity?Output:e. If TFC doubled, what is the marginal cost of the 7th unit?Marginal cost: $units0Prev6 of 8 --SAMSUNG

Output Total Cost Total Variable Cost Marginal Cost Average Total Cost Average Variable Cost Average…

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?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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