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

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Exhibit HW2.4: Total Revenues and Total Costs for a Representative Competitive Firm
Money
TC
C61
| TR
C6-
Given
Q1 =2
Q2 5
03 = |8
Q4 = |11
C5
--
TFC= S1.60
C1 S4.00
C2 S8.20
C4
C3
C2
C1
C3 =Sl0.00
C4= S11.20
C5=S16.00
C6=S22.00
C61= S30.40
TFC
0.
Q1 Q2
Q3
04
Refer to Exhibit HW2.4. If output is Q4, average total cost is about
O $2.72
O $2.74
O $2.76
O S2.70
B.
Transcribed Image Text:Exhibit HW2.4: Total Revenues and Total Costs for a Representative Competitive Firm Money TC C61 | TR C6- Given Q1 =2 Q2 5 03 = |8 Q4 = |11 C5 -- TFC= S1.60 C1 S4.00 C2 S8.20 C4 C3 C2 C1 C3 =Sl0.00 C4= S11.20 C5=S16.00 C6=S22.00 C61= S30.40 TFC 0. Q1 Q2 Q3 04 Refer to Exhibit HW2.4. If output is Q4, average total cost is about O $2.72 O $2.74 O $2.76 O S2.70 B.
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