Latoya 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 $500. Her variable costs are $1,500 for the first thousand posters, $1,200 for the second thousand, and then $800 for each additional thousand posters.
Latoya 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 $500. Her variable costs are $1,500 for the first thousand posters, $1,200 for the second thousand, and then $800 for each additional thousand posters.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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what is her ATC if she prints 10000?
![Latoya 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 $500. Her variable costs are $1,500 for the first thousand posters, $1,200 for the second thousand, and
then $800 for each additional thousand posters.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51beb0f5-4a57-40b0-9314-3b7da16f0bf7%2F5d6e6157-fe2c-4ac6-aea4-5cfb72fbd342%2Fm25bad_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Latoya 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 $500. Her variable costs are $1,500 for the first thousand posters, $1,200 for the second thousand, and
then $800 for each additional thousand posters.
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