The table below shows the costs incurred at Polly's potato farm.Complete the table.>>>Answer to 2 decimal places.L012344000-6020170-0000-0000-0000TP TVG TC00703292212292306090130AFC120 1902.19160 0.33AVC ATC0.943.130.65 1.410.24 0.410.75MC0.940.500.25

Cost is the total expenditure that is incurred in the production of output

Answered: L 0 2 1 32 30 3 TP 0 4 92 TVC 0 212 60…

L 0 2 1 32 30 3 TP 0 4 92 TVC 0 212 60 90 TC 70 130 160 292 120 190 AFC AVC ATC 2.19 0.33 0.24 0.94 3.13 0.65 0.41 1.41 0.75 MC 0.94 0.50 0.25

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

The table below shows the costs incurred at Polly's potato farm.
Complete the table.
>>>Answer to 2 decimal places.
L
0
1
2
3
4
4000-60
2017
0-0000-0000-0000
TP TVG TC
0
0
70
32
92
212
292
30
60
90
130
AFC
120 190
2.19
160 0.33
AVC ATC
0.94
3.13
0.65 1.41
0.24 0.41
0.75
MC
0.94
0.50
0.25

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