Q17 Use the values in the table below to answer the following questions.TCATCMC129.8929.89-(A)--( A)-62.637-( B)-( C)-146.2195988315.2-( E)-20-( D)-876Cell (D) stands for the average total cost of 20 units. Its value should beO A. 617.76B. 1954.24C. 343.2D. 59.78E. 480.48F. 171.6

Marginal cost is the additional cost incurred when an additional unit of output is sold.

TC ATC MC 1 29.89 29.89 6 (A)- 62.63 -(B)- -( C)- 7 146.2 19 5988 315.2 20 -( E)- -( D)- 876 Cell (D) stands for the average total cost of 20 units. Its value should be, O A. 617.76 B. 1954.24 C. 343.2 D. 59.78 E. 480.48 F. 171.6

TC ATC MC 1 29.89 29.89 6 (A)- 62.63 -(B)- -( C)- 7 146.2 19 5988 315.2 20 -( E)- -( D)- 876 Cell (D) stands for the average total cost of 20 units. Its value should be, O A. 617.76 B. 1954.24 C. 343.2 D. 59.78 E. 480.48 F. 171.6

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Comparative Advantage and Absolute Advantage Analysis

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