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?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Please see the attached two pictures, one for the graph, and the other for the questions.
Transcribed Image Text: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.
Transcribed Image Text: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?
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