Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $100. Her variable costs are $1,800 for the first thousand posters, $1,500 for the second thousand, and then $900 for each additional thousand posters. Instructions: Enter your answers rounded to two decimal places. a. What is her AFC per poster (not per thousand!) if she prints 1,000 posters? $ What if she prints 2,000 posters? $ 0.25 What if she prints 10,000 posters? $ b. What is her ATC per poster if she prints 1,000? $ 0.50 $ 0.05 2.3 What if she prints 2,000? What if she prints 10,000?

Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $100. Her variable costs are $1,800 for the first thousand posters, $1,500 for the second thousand, and then $900 for each additional thousand posters. Instructions: Enter your answers rounded to two decimal places. a. What is her AFC per poster (not per thousand!) if she prints 1,000 posters? $ What if she prints 2,000 posters? $ 0.25 What if she prints 10,000 posters? $ b. What is her ATC per poster if she prints 1,000? $ 0.50 $ 0.05 2.3 What if she prints 2,000? What if she prints 10,000?

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

Only typed answer and please answer correctly

Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1
per poster. She has fixed costs of $100. Her variable costs are $1,800 for the first thousand posters, $1,500 for the second thousand,
and then $900 for each additional thousand posters.
Instructions: Enter your answers rounded to two decimal places.
a. What is her AFC per poster (not per thousand!) if she prints 1,000 posters?
$
What if she prints 2,000 posters?
$
0.25
What if she prints 10,000 posters?
$
b. What is her ATC per poster if she prints 1,000?
$
0.50
$
0.05
2.3
What if she prints 2,000?
What if she prints 10,000?

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