COST DATA FOR A PERFECTLY CO Quantity Total Cost Marginal Cost Average Total Cost (units) ($) ($) ($) 100 12 150 4.17 12.50 25 200 3.85 8.00 40 250 3.33 6.25 300 5.00 6.00 6.25 603 58 350 6.15 7.14 65 400 e table above provides the cost data for a competitive firm. How much are the fixed costs for this fim O s 50 O SI00 O S150 O S200 OIr cannot be determined trom these data ficking on the correct response 50
COST DATA FOR A PERFECTLY CO Quantity Total Cost Marginal Cost Average Total Cost (units) ($) ($) ($) 100 12 150 4.17 12.50 25 200 3.85 8.00 40 250 3.33 6.25 300 5.00 6.00 6.25 603 58 350 6.15 7.14 65 400 e table above provides the cost data for a competitive firm. How much are the fixed costs for this fim O s 50 O SI00 O S150 O S200 OIr cannot be determined trom these data ficking on the correct response 50
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section12.3: The Various Measures Of Cost
Problem 3QQ
Related questions
Question
Q34
![COST DATA FOR A PERFECTLY COMPETITIVE FIRM
Quantity Total Cost Marginal Cost Average Total Cost
(units)
($)
(S)
(S)
100
12
150
4.17
12.50
25
200
3.85
8.00
40
250
3.33
6.25
50
300
5.00
6.00
58
350
6.25
6.03
7.14
6.15
65
400
The table above provides the cost data for a competitive firm. How much are the fixed costs for this fim?
O S 50
Good luck w
O SI00
Proctor 2800
O S150
O S200
The mess
OIt cannot be determined from these data.
Answer the question above by clicking on the correct response](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F28b5178b-ae6d-4dab-842d-7a88ae715002%2Fdad46239-b8b2-4a46-89fe-5c85f8a04b14%2Fh93hgr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:COST DATA FOR A PERFECTLY COMPETITIVE FIRM
Quantity Total Cost Marginal Cost Average Total Cost
(units)
($)
(S)
(S)
100
12
150
4.17
12.50
25
200
3.85
8.00
40
250
3.33
6.25
50
300
5.00
6.00
58
350
6.25
6.03
7.14
6.15
65
400
The table above provides the cost data for a competitive firm. How much are the fixed costs for this fim?
O S 50
Good luck w
O SI00
Proctor 2800
O S150
O S200
The mess
OIt cannot be determined from these data.
Answer the question above by clicking on the correct response
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