Use the information in the graph to the right to find the values for the following at anoutput level of 50.100-MCThe marginal cost is $(Enter a numeric response using an integer.)The total cost is $ATCAVCThe variable cost is $56:The fixed cost is $45...38......0+50Quantity of output

Fixed cost is independent of output produced whereas variable cost varies with the level of…

he Information in the graph to the right to find the values for the following at an ut level of 50. 100- MC marginal cost is $ (Enter a numeric response using an integer.) total cost is $ АТС AVC variable cost is $ 56 fixed cost is $ 45. 38 50 Quantity of output

he Information in the graph to the right to find the values for the following at an ut level of 50. 100- MC marginal cost is $ (Enter a numeric response using an integer.) total cost is $ АТС AVC variable cost is $ 56 fixed cost is $ 45. 38 50 Quantity of output

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

Use the information in the graph to the right to find the values for the following at an
output level of 50.
100-
MC
The marginal cost is $
(Enter a numeric response using an integer.)
The total cost is $
ATC
AVC
The variable cost is $
56:
The fixed cost is $
45...
38......
0+
50
Quantity of output

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