In line with the information including the production amount and total cost of the firm and the double (half) average technique, write the total cost function of the firm by making the relevant calculations and calculate the total cost for the production of 1150 units.
In line with the information including the production amount and total cost of the firm and the double (half) average technique, write the total cost function of the firm by making the relevant calculations and calculate the total cost for the production of 1150 units.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
In line with the information including the production amount and total cost of the firm and the double (half) average technique, write the total cost function of the firm by making the relevant calculations and calculate the total cost for the production of 1150 units.
.
![Months
Production Quantity(Pcs)
Total Cost (TL)
1
600
55.000
800
70.000
3
950
85.000
4
500
50.000
800
70.000
900
75.000
7
100
30.000
8
600
55.000
9.
700
65.000
10
400
50.000
11
300
45.000
12
200
40.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c10af17-3c34-4f43-bc24-f68ca102ca70%2Feabc9219-01ff-4a0d-952d-792055142a4a%2Fdsa7987_processed.png&w=3840&q=75)
Transcribed Image Text:Months
Production Quantity(Pcs)
Total Cost (TL)
1
600
55.000
800
70.000
3
950
85.000
4
500
50.000
800
70.000
900
75.000
7
100
30.000
8
600
55.000
9.
700
65.000
10
400
50.000
11
300
45.000
12
200
40.000
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