Answered: If Sherry produces three pairs of…

If Sherry produces three pairs of earrings, her total variable costs are: Number of Earrings TVC MC AVC TFC TC AFC ATC 100 1 50 2 95 3 46.67 4 300 270 O $225 O $175 O $140 O $26.67

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

If Sherry produces three pairs of earrings, her total variable costs are:
Number of
Earrings TVC MC AVC TFC TC AFC ATC
100
1
50
2
95
3
46.67
4
300
270
O $225
O $175
O $140
O $26.67

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