One of your firm's suppliers discounts prices forlarger quantities. The first 1,000 parts are $13each. The next 2,000 are $12 each. All parts inexcess of 3,000 are $11 each. What are theaverage cost and marginal cost per part for thefollowing quantities?

Average cost or unit cost is equal to total cost (TC) divided by the number of units of a good…

ne of your firm's suppliers discounts prices for rger quantities. The first 1,000 parts are $13 ach. The next 2,000 are $12 each. All parts in Ecess of 3,000 are $11 each. What are the verage cost and marginal cost per part for the llowing quantities?

ne of your firm's suppliers discounts prices for rger quantities. The first 1,000 parts are $13 ach. The next 2,000 are $12 each. All parts in Ecess of 3,000 are $11 each. What are the verage cost and marginal cost per part for the llowing quantities?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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Question

One of your firm's suppliers discounts prices for
larger quantities. The first 1,000 parts are $13
each. The next 2,000 are $12 each. All parts in
excess of 3,000 are $11 each. What are the
average cost and marginal cost per part for the
following quantities?

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