Find TC, MC, AFC, AVC, and ATC from the following table. Instructions: Enter your responses rounded to two decimal places. Units (Q) FC($) VC($) TC($) MC($) AFC($) AVC($) ATC($) 0 100 0 — — — — 1 100 40 2 100 60 3 100 70 4 100 85 5 100 130 (Note: Marginal costs should be interpreted as between levels of output.)
Find TC, MC, AFC, AVC, and ATC from the following table. Instructions: Enter your responses rounded to two decimal places. Units (Q) FC($) VC($) TC($) MC($) AFC($) AVC($) ATC($) 0 100 0 — — — — 1 100 40 2 100 60 3 100 70 4 100 85 5 100 130 (Note: Marginal costs should be interpreted as between levels of output.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Find TC, MC, AFC,
Instructions: Enter your responses rounded to two decimal places.
| Units (Q) | FC($) | VC($) | TC($) | MC($) | AFC($) | AVC($) | ATC($) |
| 0 | 100 | 0 | — | — | — | — | |
| 1 | 100 | 40 | |||||
| 2 | 100 | 60 | |||||
| 3 | 100 | 70 | |||||
| 4 | 100 | 85 | |||||
| 5 | 100 | 130 |
(Note: Marginal costs should be interpreted as between levels of output.)
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