Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![4) A firm sees TC of $8 when they produce 1 unit, and a TC of
$12 when they produce two units. What is the MC when they
produce two units?
5) If AVC = 20 & ATC = 25, then what is AFC?
6) If a firm produces 100 units of output and has an average
total cost of $6 then what is their total cost?
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Transcribed Image Text:4) A firm sees TC of $8 when they produce 1 unit, and a TC of
$12 when they produce two units. What is the MC when they
produce two units?
5) If AVC = 20 & ATC = 25, then what is AFC?
6) If a firm produces 100 units of output and has an average
total cost of $6 then what is their total cost?
%3D
%D
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