Homework Help is Here – Start Your Trial Now!
Business
Economics
he lable is för à firm in which labour is the only variable cost and each unit of labour costs the sa regardless of how many units are bought. Units of TVC MC AVC Labour TP MP AP $ $ 1 100 2 20 3 45 25 4 30 18.8 20 6 120 20 10 18.6 135 15 10 130

he lable is för à firm in which labour is the only variable cost and each unit of labour costs the sa regardless of how many units are bought. Units of TVC MC AVC Labour TP MP AP $ $ 1 100 2 20 3 45 25 4 30 18.8 20 6 120 20 10 18.6 135 15 10 130

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question

plzz explain it porperly

The data in the table is for a firm in which labour is the only variable cost and each unit of labour costs the same regardless of how many units are bought. Units of TVC MC AVC Labour TP MP AP $ $ 10 1 8 100 2 20 45 25 4 30 18.8 5 20 120 20 17 10 18.6 18 135 19 15 10 130
Transcribed Image Text:The data in the table is for a firm in which labour is the only variable cost and each unit of labour costs the same regardless of how many units are bought. Units of TVC MC AVC Labour TP MP AP $ $ 10 1 8 100 2 20 45 25 4 30 18.8 5 20 120 20 17 10 18.6 18 135 19 15 10 130
Refer to the information above to answer this question. As one reads down the TVC column, what is the pattern in the numbers? Select one: A. They fall until the fifth unit of labour used and then rise B. They continuously rise C. They continuously fall. D. They rise until the fifth unit of labour used and then fall E. There is no clear pattern
Transcribed Image Text:Refer to the information above to answer this question. As one reads down the TVC column, what is the pattern in the numbers? Select one: A. They fall until the fifth unit of labour used and then rise B. They continuously rise C. They continuously fall. D. They rise until the fifth unit of labour used and then fall E. There is no clear pattern
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Receipt
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS