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Q 1 2 3 4 5 6 7 8 9 10 FC $16 $16 $16 $16 $16 $16 $16 VC ATC $20 $36.00 $27.00 $38 $54 $23.33 $68 $21.00 AVC MC $20.00 $20 $18 $19.00 $18.00 $16 $17.00 $14 $80 $19.20 $94 $18.33 $110 $18.00 $128 $18.00 $16.00 $18 $148 $18.22 $16.44 $20 $17.00 $22 $16 $16 $16 $170 $18.60 $16.00 $12 $15.67 $14 $15.71 $16 Using the table above, the lowest

Q 1 2 3 4 5 6 7 8 9 10 FC $16 $16 $16 $16 $16 $16 $16 VC ATC $20 $36.00 $27.00 $38 $54 $23.33 $68 $21.00 AVC MC $20.00 $20 $18 $19.00 $18.00 $16 $17.00 $14 $80 $19.20 $94 $18.33 $110 $18.00 $128 $18.00 $16.00 $18 $148 $18.22 $16.44 $20 $17.00 $22 $16 $16 $16 $170 $18.60 $16.00 $12 $15.67 $14 $15.71 $16 Using the table above, the lowest

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q 1 2 3 4 5 6 7 8 9 10 FC $16 $16 $16 $16 $16 $16 $16 $16 $16 $16 VC ATC AVC MC $36.00 $20.00 $20 $27.00 $19.00 $18 $23.33 $18.00 $16 $21.00 $17.00 $14 $54 $68 $80 $19.20 $16.00 $12 $94 $18.33 $15.67 $14 $110 $18.00 $15.71 $16 $16.00 $18 $128 $18.00 $148 $18.22 $16.44 $20 $170 $18.60 $17.00 $22 OB. $15.67 O C. $20 O D. $16 $20 $38 Using the table above, the lowest price that the firm should produce in the long run is A. $18
Transcribed Image Text:Q 1 2 3 4 5 6 7 8 9 10 FC $16 $16 $16 $16 $16 $16 $16 $16 $16 $16 VC ATC AVC MC $36.00 $20.00 $20 $27.00 $19.00 $18 $23.33 $18.00 $16 $21.00 $17.00 $14 $54 $68 $80 $19.20 $16.00 $12 $94 $18.33 $15.67 $14 $110 $18.00 $15.71 $16 $16.00 $18 $128 $18.00 $148 $18.22 $16.44 $20 $170 $18.60 $17.00 $22 OB. $15.67 O C. $20 O D. $16 $20 $38 Using the table above, the lowest price that the firm should produce in the long run is A. $18
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