GRAPIH ON UNIT COST DATA FROM PAGE 112 HARGINAL COST (AC/AQ) IS ALREADY PLOTTED UNIT COST $/Q ムTVC ATC AQ ニ $10.00 9.00- 8.00- 7.00 6.00 - 5.00 4.00 3.00 2.00 1.00 100 200 300 400 50 600 700 QUANTITY OF OUTPUT NOTE: Each small squere = $.10 on cne vertical axis and 1C units of outpui on Ene norizontal axis. 114 - тC 1. On your graph on page 114: Total Cost per unit (G or "average total cost) is at a minimum at output level(s) of units. 2. On your graph on page 114: Variable Cost per unit ( or "average" variable cost) is at a minimum at output TVC level(s) of units. тC. тC 3. On your graph on page 114: What is the relation between marginal cost 20 and total cost per unit (7) 한 when g дтс is at its minimum?

GRAPIH ON UNIT COST DATA FROM PAGE 112 HARGINAL COST (AC/AQ) IS ALREADY PLOTTED UNIT COST $/Q ムTVC ATC AQ ニ $10.00 9.00- 8.00- 7.00 6.00 - 5.00 4.00 3.00 2.00 1.00 100 200 300 400 50 600 700 QUANTITY OF OUTPUT NOTE: Each small squere = $.10 on cne vertical axis and 1C units of outpui on Ene norizontal axis. 114 - тC 1. On your graph on page 114: Total Cost per unit (G or "average total cost) is at a minimum at output level(s) of units. 2. On your graph on page 114: Variable Cost per unit ( or "average" variable cost) is at a minimum at output TVC level(s) of units. тC. тC 3. On your graph on page 114: What is the relation between marginal cost 20 and total cost per unit (7) 한 when g дтс is at its minimum?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please see the attached two pictures, one for the graph, and the other for the questions.

GRAPIH ON UNIT COST DATA FROM PAGE 112
HARGINAL COST (AC/AQ) IS ALREADY PLOTTED
UNIT COST
$/Q
ムTVC
ATC
AQ
ニ
$10.00
9.00-
8.00-
7.00
6.00 -
5.00
4.00
3.00
2.00
1.00
100
200
300
400
50
600
700
QUANTITY OF OUTPUT
NOTE: Each small squere = $.10 on cne vertical axis and 1C units of outpui on
Ene norizontal axis.
114 -

тC
1. On your graph on page 114: Total Cost per unit (G or "average total cost) is at a minimum at output level(s) of
units.
2. On your graph on page 114: Variable Cost per unit ( or "average" variable cost) is at a minimum at output
TVC
level(s) of
units.
тC.
тC
3. On your graph on page 114: What is the relation between marginal cost 20 and total cost per unit (7)
한 when g
дтс
is at its minimum?

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