Consider the following cost information for a road side fuchka shop: Quantity (plates) Total Cost Tk300 350 390 Variable Cost Tk0 50 90 420 450 490 120 150 190 240 540 a) What is the fuchka shop's fixed cost? b) Calculate the fuchka shop's marginal cost, average variable cost and average total cost for making pizzas c) On the same axis, draw the MC, AVC and ATC curves and identify at what price the fuchka shop might decide to shutdown temporarily. Explain your answer 123 45

Consider the following cost information for a road side fuchka shop: Quantity (plates) Total Cost Tk300 350 390 Variable Cost Tk0 50 90 420 450 490 120 150 190 240 540 a) What is the fuchka shop's fixed cost? b) Calculate the fuchka shop's marginal cost, average variable cost and average total cost for making pizzas c) On the same axis, draw the MC, AVC and ATC curves and identify at what price the fuchka shop might decide to shutdown temporarily. Explain your answer 123 45

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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For Question 2 there is a typo. It is supposed to say consider Ronald from question 1. Both question 1 and 2 are provided, i would appreciate if someone could complete them as soon as possible. Also this is not a graded question from an exam, it is homework l have been given although l did not purchase the textbook so cant get the solutions for it.
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