GRAPH ON UNIT COST DATA FROM PAGE 112 HARGINAL COST (AC/AQ) IS ALREADY PLOTTED UNIT COST ATUC $10.00 とく %3D MC: 00 007 00 00 2 00 T 00S QUANTITY OF OUTPUT 007 C09 NOTE: Each small squere = $.10 on che vertical ais and 1C units, of outpui on che norizontal axis. ΔΤC TVC 4. On your graph on page 114: What is the relation between marginal cost 0 and variable cost per unit () TVC when is at its minimum? 5. Explain why marginal cost on a unit cost graph always intersects total cost per unit and variable cost per unit at their minimum points. TC 6. On your graph on page 114: What does the difference between the and- TVC curve represent?

GRAPH ON UNIT COST DATA FROM PAGE 112 HARGINAL COST (AC/AQ) IS ALREADY PLOTTED UNIT COST ATUC $10.00 とく %3D MC: 00 007 00 00 2 00 T 00S QUANTITY OF OUTPUT 007 C09 NOTE: Each small squere = $.10 on che vertical ais and 1C units, of outpui on che norizontal axis. ΔΤC TVC 4. On your graph on page 114: What is the relation between marginal cost 0 and variable cost per unit () TVC when is at its minimum? 5. Explain why marginal cost on a unit cost graph always intersects total cost per unit and variable cost per unit at their minimum points. TC 6. On your graph on page 114: What does the difference between the and- TVC curve represent?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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