LMPLVCAFCAVCАТСMC(workers) (units) (units) FC ($)(S)TC ($)($)(S)($)(S)140090031,5001,9502,3002,6002,85047What is the firm's average fixed cost of producing 1,500 gadgets?$0.45O $1.33$2.00none of the above

Answered: Image /qna-images/answer/9eaf94e2-5b83-4670-aee8-8adaa835aa17.jpg

Answered: MPL VC AFC AVC АТС MC (workers) (units)…

MPL VC AFC AVC АТС MC (workers) (units) (units) FC ($) (S) TC ($) ($) (S) ($) (S) 1 400 2 900 3 1,500 4 1,950 2,300 2,600 2,850 6. 7

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section8.4: Costs Of Production: Total, Average, Marginal

Problem 1ST

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Question

L
MPL
VC
AFC
AVC
АТС
MC
(workers) (units) (units) FC ($)
(S)
TC ($)
($)
(S)
($)
(S)
1
400
900
3
1,500
1,950
2,300
2,600
2,850
4
7
What is the firm's average fixed cost of producing 1,500 gadgets?
$0.45
O $1.33
$2.00
none of the above

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1 points Save Answet A firm produces 200 units and the total cost of production is $4000. When they increase output to 220, the cost rises to $4200. Calculate the marginal cost? Show step by step calculation. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial 14px