What is the total cost do producing 100 units8090110120 This graph represents the cost curves of a firm, commonly used in microeconomics. The vertical axis indicates cost in dollars, ranging from 0.40 to 0.90, while the horizontal axis represents quantity, ranging from 0 to 400.Three curves are plotted on the graph:1. **MC (Marginal Cost)**: This curve initially decreases slightly, then increases, indicating the cost of producing one more unit of output. It intersects both the AVC and ATC curves at their lowest points, which is typical since the marginal cost influences average costs.2. **ATC (Average Total Cost)**: This curve is U-shaped, reflecting economies and diseconomies of scale. Initially, as production increases, the average total cost decreases, reaching a minimum point, before starting to increase again.3. **AVC (Average Variable Cost)**: Also U-shaped, this curve lies below the ATC curve and follows a similar trend, falling to a minimum point before rising.The intersection points of MC with AVC and ATC are key for determining efficient scale of production where cost optimization occurs. The behavior of these curves is essential for understanding cost management in production economics.

The average total cost curve helps to show the connection between output level and per-unit cost…

Answered: MC 0.90 0 85 ATC 0.80 0 75 0.70 AVC…

Business

Economics

MC 0.90 0 85 ATC 0.80 0 75 0.70 AVC 0.65 0.60 0.55 0.50 0.45 0.40 150 200 250 300 350 400 50 100

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Fast pls solve this question correctly in 5 min pls I will give u like for sure Shub Let C(x)=0.12x^3+12x+16700 be the total cost of manufacturing x units of some commodity. How many units should be made in order to minimize average cost? Enter your answer numerically (no label) and round appropriately.
6 5 nts eBook Print References Mc Graw Hill Output 0 1 2 3 4 5 6 7 8 9 $ Total Cost $2,500 3,410 4,040 4,480 4,900 5,220 5,540 6,310 7,320 9,710 units variabl Cost $ 0 b. What is the value of total fixed cost? units 910 1540 1980 2400 2720 3040 3810 4820 7210 Marginal Cost 1 c. What is the most productive level of output? $ 910 630 440 420 320 320 770 1010 2390 d. At what output is economic capacity? Output: e. If TFC doubled, what is the marginal cost of the 7th unit? Marginal cost: $ Average Total Cost 1 $ 3410 2020 1493.33 H a 1225 1044 923.33 901.42 915 1078.89 a Average Variable Cost D $ 1 625 500 416.67 35713 312.5 27778
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