TFC $0 Q (output) TVC TC AFC AVC ATC MC $10 $5 $15 $15 $16.75 2 Using the above table, the AFC, the AVC, and the ATC when output is 1 unit are 1) $5, $10, and $5, respectively. O 2) $5, $10, and $15, respectively. 3) $0, $10, and $10, respectively. 4) $10, $10, and $20, respectively. O12 34

TFC $0 Q (output) TVC TC AFC AVC ATC MC $10 $5 $15 $15 $16.75 2 Using the above table, the AFC, the AVC, and the ATC when output is 1 unit are 1) $5, $10, and $5, respectively. O 2) $5, $10, and $15, respectively. 3) $0, $10, and $10, respectively. 4) $10, $10, and $20, respectively. O12 34

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

Q (output)
TFC
TVC
TC
AFC
AVC
АТС
MC
$0
1
$10
2
$5
$15
3
$15
4
$16.75
Using the above table, the AFC, the AVC, and the ATC when output is 1 unit are
1) $5, $10, and $5, respectively.
O 2) $5, $10, and $15, respectively.
3)
$0, $10, and $10, respectively.
4) $10, $10, and $20, respectively.

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