The table below shows cost data for producing different amounts of refrigerators. Use the information in the table to find the missing costs for each quantity. Quantity 0 14 28 42 56 70 Total Cost in $ Variable Cost in $ 19.00 0 47.00 145.00 299.00 523.00 859.00 28.00 126.00 280.00 504.00 840.00 Marginal Cost in $ Average Variable Cost in $ Average Total Cost

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 3CQQ
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How many would a competitive firm produce if the market price is 11?  

The table below shows cost data for producing different amounts of refrigerators. Use the information in the table to find the
missing costs for each quantity.
Quantity Total Cost in $ Variable Cost in $
0
19.00
0
14
28
42
56
70
47.00
145.00
299.00
523.00
859.00
28.00
126.00
280.00
504.00
840.00
Marginal Cost in $
Average Variable Cost in $ Average Total Cost
Transcribed Image Text:The table below shows cost data for producing different amounts of refrigerators. Use the information in the table to find the missing costs for each quantity. Quantity Total Cost in $ Variable Cost in $ 0 19.00 0 14 28 42 56 70 47.00 145.00 299.00 523.00 859.00 28.00 126.00 280.00 504.00 840.00 Marginal Cost in $ Average Variable Cost in $ Average Total Cost
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