Quantity Total cost (in Taka) Average total cost Variable cost Average variable cost Marginal cost 4.0 1 9.0 12.0 17.0 4. 24.0 5 33.0 6. 44.0 (a) Calculate this firm's marginal cost for output level 5. Give your answer in 2-decimal places. (b) Calculate this firm's marginal cost for output level 6. Give your answer in 2-decimal places. (C) What is the average total cost at which, this firm reaches its break even-point? Give your answer in 2-decimal places. (d) What is the average variable cost at which, this firm reaches its shut-down point? Give your answer in 2-decimal places.

Quantity Total cost (in Taka) Average total cost Variable cost Average variable cost Marginal cost 4.0 1 9.0 12.0 17.0 4. 24.0 5 33.0 6. 44.0 (a) Calculate this firm's marginal cost for output level 5. Give your answer in 2-decimal places. (b) Calculate this firm's marginal cost for output level 6. Give your answer in 2-decimal places. (C) What is the average total cost at which, this firm reaches its break even-point? Give your answer in 2-decimal places. (d) What is the average variable cost at which, this firm reaches its shut-down point? Give your answer in 2-decimal places.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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