19. Table 13-16Total Cost Fixed Cost VariableMarginalCostAverageAverageAverageTotal CostCostFixed Cost VariableCost0.524S16S503.St084.540Refer to Table 13-16. What is thefxed cost of producing O units of output?a. S16b. S24c. S12d. So20. Refer to Table 13-16 in Question 19 What is the totalcost of oroducing 2 units ooutput?b. 574css821. Refer to Table 13-16 in Question19. What is the marg nal cost of the 4th unit of output?bS136540d Sc8

Marginal costs are a function of the total cost of production, which includes fixed and variable…

Table 13-16 Quantity Total Cost Fixed Cost Variable Marginal Cost Average Average Average Total Cost Cost Fixed Cost Variable Cost 0. $24 1. $16 2. $108 $40 Refer to Table 13-16. What is the fxed cost of producing O units of output? a. S16 b. $24

Table 13-16 Quantity Total Cost Fixed Cost Variable Marginal Cost Average Average Average Total Cost Cost Fixed Cost Variable Cost 0. $24 1. $16 2. $108 $40 Refer to Table 13-16. What is the fxed cost of producing O units of output? a. S16 b. $24

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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I completed MC and AVC but im not positive that they are correct. Output and TVC were provided as well as the first TFC. Any help would be greatly appreciated.
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Please answer the correct answer ASAP please Don't answer by pen paper please calculation correct