Given the information TC 10 9 12 14 15 $100. 200 400 600 800 1000 1200 1400 in the table, total variable costs at 5 units of production are MC AVC H 66.67 50.00 66.67 100 200 100 80 66.67 71.43 80.00
Given the information TC 10 9 12 14 15 $100. 200 400 600 800 1000 1200 1400 in the table, total variable costs at 5 units of production are MC AVC H 66.67 50.00 66.67 100 200 100 80 66.67 71.43 80.00
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 9
Given the information in the table, total variable costs at 5 units of production are
2
TC
MC
AVC
10
12
19
12
14
15
$100.
$200.
$520.
$400.
200
400
600
800
1000
1200
1400
66.67
50.00
66.67
100
200
100
80
66.67
71.43
80.00
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