Exhibit HW2.4: Total Revemues and Total Costs for a Representative Competitive FirmMoneyTCC61TRC6 -GivenQ1 = |2Q2 = |503= |8Q4=1E= |11C5 --TFC= s1.60C1 = |S4.00C2 SS8.20C3=S10.00C4=S11.20C5=S16.00Có= |S22.00C6l = |S30.40C4C3iBC2C1TFCQ1 Q2Q3Q4Refer to Exhibit HW2.4. If output is Q4, average total cost is aboutO $2.74O $2.70O $2.72O $2.761.

Given: Output at Q4 = 11 Price at C6 = $22 Price at C61=$30.40 TFC = $1.60

Exhibit HW2.4: Total Revenues and Total Costs for a Representative Competitive Firm Money TC C61 TR C6 Given Q1 = 2 Q2=5 Q3=|8 Q4=|11 C5 TFC =S1.60 C1=S4.00 C2 = S8.20 C3 = S10.00 C4 = |S11.20 C5 = |S16.00 Có=S22.00 C61 = S30.40 HB 3D C1 TFC HA %3D 0. Q1 Q2 Q3 Q4 Refer to Exhibit HW2.4. If output is Q4, average total cost is about $2.74 O $2.70 O $2.72 O $2.76

Exhibit HW2.4: Total Revenues and Total Costs for a Representative Competitive Firm Money TC C61 TR C6 Given Q1 = 2 Q2=5 Q3=|8 Q4=|11 C5 TFC =S1.60 C1=S4.00 C2 = S8.20 C3 = S10.00 C4 = |S11.20 C5 = |S16.00 Có=S22.00 C61 = S30.40 HB 3D C1 TFC HA %3D 0. Q1 Q2 Q3 Q4 Refer to Exhibit HW2.4. If output is Q4, average total cost is about $2.74 O $2.70 O $2.72 O $2.76

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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