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
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Exhibit HW2.4: Total Revemues and Total Costs for a Representative Competitive Firm
Money
TC
C61
TR
C6 -
Given
Q1 = |2
Q2 = |5
03= |8
Q4=
1E
= |11
C5 --
TFC= s1.60
C1 = |S4.00
C2 SS8.20
C3=S10.00
C4=S11.20
C5=S16.00
Có= |S22.00
C6l = |S30.40
C4
C3
iB
C2
C1
TFC
Q1 Q2
Q3
Q4
Refer to Exhibit HW2.4. If output is Q4, average total cost is about
O $2.74
O $2.70
O $2.72
O $2.76
1.
Transcribed Image Text:Exhibit HW2.4: Total Revemues and Total Costs for a Representative Competitive Firm Money TC C61 TR C6 - Given Q1 = |2 Q2 = |5 03= |8 Q4= 1E = |11 C5 -- TFC= s1.60 C1 = |S4.00 C2 SS8.20 C3=S10.00 C4=S11.20 C5=S16.00 Có= |S22.00 C6l = |S30.40 C4 C3 iB C2 C1 TFC Q1 Q2 Q3 Q4 Refer to Exhibit HW2.4. If output is Q4, average total cost is about O $2.74 O $2.70 O $2.72 O $2.76 1.
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