Q 0 1 2 3 4 5 6 7 8 9 10 11 TC $48 73 94 114 130 148 168 189 216 246 278 320 FC 1 VC AFC n/a AVC n/a 12 369 FC= fixed cost; AFC= average fixed cost; VC= variable cost; AVC=average variable cost; TC= total cost; ATC=average total cost; MC-marginal cost; Q represents the quantity of output ATC n/a MC n/a

Q 0 1 2 3 4 5 6 7 8 9 10 11 TC $48 73 94 114 130 148 168 189 216 246 278 320 FC 1 VC AFC n/a AVC n/a 12 369 FC= fixed cost; AFC= average fixed cost; VC= variable cost; AVC=average variable cost; TC= total cost; ATC=average total cost; MC-marginal cost; Q represents the quantity of output ATC n/a MC n/a

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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