MC Q (workers) (units) | (units) | FC ($) MPL VC AFC AVC ΑTC (S) TC ($) ($) (S) ($) (S) 1 400 2 900 3 1,500 1,950 2,300 4 5 2,600 2,850 7 The fixed cost of producing 1,950 gadgets is gadgets. the fixed cost of producing 900 O greater than less than equal to not enough information

MC Q (workers) (units) | (units) | FC ($) MPL VC AFC AVC ΑTC (S) TC ($) ($) (S) ($) (S) 1 400 2 900 3 1,500 1,950 2,300 4 5 2,600 2,850 7 The fixed cost of producing 1,950 gadgets is gadgets. the fixed cost of producing 900 O greater than less than equal to not enough information

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

L
MPL
VC
AFC
AVC
ATC
MC
(workers)
(units)
(units) FC ($)
(S)
TC ($)
($)
($)
($)
(S)
1
400
2
900
3
1,500
1,950
2,300
2,600
2,850
4
5
7
The fixed cost of producing 1,950 gadgets is
gadgets.
the fixed cost of producing 900
greater than
O less than
equal to
not enough information

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