Exhibit 9a.1: Costs for the Zonker Company Quantity (units per week) Total Cost Total Variable Cost (dollars per week) 20 (dollars per week) 26 14 3 36 24 4 50 38 68 56 93 81 128 116 1. If the market price fell to $11 per unit, Zonker maximizes profit in the short run by producing units per week. a. 1 b. 2 c. 3 d. 0 2. The lowest short run average total cost for Zonkers occurs when they produce units per week. a. 2 b. 3 C. 4 d. 5
Exhibit 9a.1: Costs for the Zonker Company Quantity (units per week) Total Cost Total Variable Cost (dollars per week) 20 (dollars per week) 26 14 3 36 24 4 50 38 68 56 93 81 128 116 1. If the market price fell to $11 per unit, Zonker maximizes profit in the short run by producing units per week. a. 1 b. 2 c. 3 d. 0 2. The lowest short run average total cost for Zonkers occurs when they produce units per week. a. 2 b. 3 C. 4 d. 5
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education