Erhibit HW2.4: Total Revenues and Total Costs for a Representative Competitive Firm Money TC C61 TR C6 Given Q1 Q2 = 5 Q3 = 8 Q4= |11 = 2 C5 TFC =S1.60 CI = $4.00 C2 = S8.20 C3 = s10.00 C4 =S11.20 C5 = s16.00 Có =S22.00 Cố1 =S30.40 TFC Q1 Q2 Q3 Q4 Refer to Exhibit HW2.4. If output is Q3, average variable cost is about O $1.22 O $1.20 O $1.12 O $1.10 8800

Erhibit HW2.4: Total Revenues and Total Costs for a Representative Competitive Firm Money TC C61 TR C6 Given Q1 Q2 = 5 Q3 = 8 Q4= |11 = 2 C5 TFC =S1.60 CI = $4.00 C2 = S8.20 C3 = s10.00 C4 =S11.20 C5 = s16.00 Có =S22.00 Cố1 =S30.40 TFC Q1 Q2 Q3 Q4 Refer to Exhibit HW2.4. If output is Q3, average variable cost is about O $1.22 O $1.20 O $1.12 O $1.10 8800

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter10: Prices, Output, And Strategy: Pure And Monopolistic Competition

Section: Chapter Questions

Problem 9E

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