Ball Bearings, Inc., faces costs of production asfollows:Quantity (cases) Total Fixed Cost Total Variable Cost0 $100 $ 01 100 502 100 703 100 904 100 1405 100 2006 100 360a. Calculate the company’s average fixed cost,average variable cost, average total cost, andmarginal cost at each level of production.
Ball Bearings, Inc., faces costs of production asfollows:Quantity (cases) Total Fixed Cost Total Variable Cost0 $100 $ 01 100 502 100 703 100 904 100 1405 100 2006 100 360a. Calculate the company’s average fixed cost,average variable cost, average total cost, andmarginal cost at each level of production.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Ball Bearings, Inc., faces costs of production as
follows:
Quantity (cases) Total Fixed Cost Total Variable Cost
0 $100 $ 0
1 100 50
2 100 70
3 100 90
4 100 140
5 100 200
6 100 360
a. Calculate the company’s average fixed cost,
average variable cost,
marginal cost at each level of production.
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