t nces Output 0 1 2 3 $ 4 5 6 7 8 9 Total Cost $2,500 3,410 4,040 4,480 4,900 5,220 5,540 6,310 7,320 9,710 variable Cost units $ b. What is the value of total fixed cost? 0 units 910 1540 1980 2400 2720 3040 3810 4820 7210 Marginal Cost 1 c. What is the most productive level of output? $ 910 630 440 420 320 320 770 1010 2390 d. At what output is economic capacity? Output: e. If TFC doubled, what is the marginal cost of the 7th unit? Marginal cost: $ Average Total Cost 1 $ 3410 2020 1493.33 1225 1044 923.33 901.42 915 1078.89 Average Variable Cost 1 $ 910 770 660 600 544 506.67 544.29 602.5 801.11 Average Fixed Cost $ 2500 1250 833.33 625 500 416.67 35713 312.5 27778

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
6
5
nts
eBook
Print
References
Mc
Graw
Hill
Output
0
1
2
3
4
5
6
7
8
9
$
Total Cost
$2,500
3,410
4,040
4,480
4,900
5,220
5,540
6,310
7,320
9,710
units
variabl
Cost
$
0
b. What is the value of total fixed cost?
units
910
1540
1980
2400
2720
3040
3810
4820
7210
Marginal Cost
1
c. What is the most productive level of output?
$
910
630
440
420
320
320
770
1010
2390
d. At what output is economic capacity?
Output:
e. If TFC doubled, what is the marginal cost of the 7th unit?
Marginal cost: $
Average
Total Cost
1
$
3410
2020
1493.33
H
a
1225
1044
923.33
901.42
915
1078.89
a
Average
Variable Cost
D
$
1
< Prev 6 of 8
910
770
660
600
544
506.67
544.29
602.5
801.11
www
Average
Fixed Cost
/
$
2500
1250
833.33
Next >
625
500
416.67
35713
312.5
27778
Transcribed Image Text:6 5 nts eBook Print References Mc Graw Hill Output 0 1 2 3 4 5 6 7 8 9 $ Total Cost $2,500 3,410 4,040 4,480 4,900 5,220 5,540 6,310 7,320 9,710 units variabl Cost $ 0 b. What is the value of total fixed cost? units 910 1540 1980 2400 2720 3040 3810 4820 7210 Marginal Cost 1 c. What is the most productive level of output? $ 910 630 440 420 320 320 770 1010 2390 d. At what output is economic capacity? Output: e. If TFC doubled, what is the marginal cost of the 7th unit? Marginal cost: $ Average Total Cost 1 $ 3410 2020 1493.33 H a 1225 1044 923.33 901.42 915 1078.89 a Average Variable Cost D $ 1 < Prev 6 of 8 910 770 660 600 544 506.67 544.29 602.5 801.11 www Average Fixed Cost / $ 2500 1250 833.33 Next > 625 500 416.67 35713 312.5 27778
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Marginal cost alludes to the expense of creating another item available to be purchased. It is most normally utilized in manufacturing, where it's known as the marginal cost of production.

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