Cell (A) stands for the total cost of 9 units. Its value should be ____. a) 151.65 b) 323.52 c) 909.80 d) 252.75

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Cell (A) stands for the total cost of 9 units. Its value should be ____.

a) 151.65
b) 323.52
c) 909.80
d) 252.75

**Transcription for Educational Website**

---

**Instructions:**

Use the values in the table below to answer the following questions.

| Q  | TC    | ATC   | MC   |
|----|-------|-------|------|
| 1  | 35.91 | 35.91 | 16.88|
| 9  | -(A)- | 101.1 | 107.6|
| 10 | -(B)- | -(C)- | 127.4|
| 33 | 35320 | 1070  | 1102 |
| 34 | -(E)- | -(D)- | 1167 |

_Cell (A) stands for the total cost of 9 units. Its value should be ____._

**Explanation of Headers:**

- **Q:** Quantity of units produced.
- **TC:** Total Cost associated with producing 'Q' units.
- **ATC:** Average Total Cost per unit, calculated as TC divided by Q.
- **MC:** Marginal Cost, the cost of producing one additional unit.

In this table, several cells are labeled with placeholders (A, B, C, D, E) that need to be filled with the appropriate values based on the relationships between TC, ATC, and MC.
Transcribed Image Text:**Transcription for Educational Website** --- **Instructions:** Use the values in the table below to answer the following questions. | Q | TC | ATC | MC | |----|-------|-------|------| | 1 | 35.91 | 35.91 | 16.88| | 9 | -(A)- | 101.1 | 107.6| | 10 | -(B)- | -(C)- | 127.4| | 33 | 35320 | 1070 | 1102 | | 34 | -(E)- | -(D)- | 1167 | _Cell (A) stands for the total cost of 9 units. Its value should be ____._ **Explanation of Headers:** - **Q:** Quantity of units produced. - **TC:** Total Cost associated with producing 'Q' units. - **ATC:** Average Total Cost per unit, calculated as TC divided by Q. - **MC:** Marginal Cost, the cost of producing one additional unit. In this table, several cells are labeled with placeholders (A, B, C, D, E) that need to be filled with the appropriate values based on the relationships between TC, ATC, and MC.
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