Quantity of Radios Total Variable Cost Total Cost 0 $25 1 $13 $38 2 $28 3 $70 4 $64 5 $110 6 $108 7 $133 8 $185 The fixed costs of production for this firm are: Group of answer choices $0
|
Quantity of Radios |
Total Variable Cost |
Total Cost |
|
0 |
|
$25 |
|
1 |
$13 |
$38 |
|
2 |
$28 |
|
|
3 |
|
$70 |
|
4 |
$64 |
|
|
5 |
|
$110 |
|
6 |
$108 |
|
|
7 |
$133 |
|
|
8 |
|
$185 |
The fixed costs of production for this firm are:
|
Quantity of Radios |
Total Variable Cost |
Total Cost |
|
0 |
|
$25 |
|
1 |
$13 |
$38 |
|
2 |
$28 |
|
|
3 |
|
$70 |
|
4 |
$64 |
|
|
5 |
|
$110 |
|
6 |
$108 |
|
|
7 |
$133 |
|
|
8 |
|
$185 |
The total variable cost of producing 5 radios is:
|
Quantity of Radios |
Total Variable Cost |
Total Cost |
|
0 |
|
$25 |
|
1 |
$13 |
$38 |
|
2 |
$28 |
|
|
3 |
|
$70 |
|
4 |
$64 |
|
|
5 |
|
$110 |
|
6 |
$108 |
|
|
7 |
$133 |
|
|
8 |
|
$185 |
The total cost of producing 7 radios is:
|
Quantity of Radios |
Total Variable Cost |
Total Cost |
|
0 |
|
$25 |
|
1 |
$13 |
$38 |
|
2 |
$28 |
|
|
3 |
|
$70 |
|
4 |
$64 |
|
|
5 |
|
$110 |
|
6 |
$108 |
|
|
7 |
$133 |
|
|
8 |
|
$185 |
The marginal cost of the 7th radio is:
|
Quantity of Radios |
Total Variable Cost |
Total Cost |
|
0 |
|
$25 |
|
1 |
$13 |
$38 |
|
2 |
$28 |
|
|
3 |
|
$70 |
|
4 |
$64 |
|
|
5 |
|
$110 |
|
6 |
$108 |
|
|
7 |
$133 |
|
|
8 |
|
$185 |
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