ItranscriptThe table below shows some of the costs incurred at Bill's Brickworks. Complete the table. If your answer is not a whole number, round to 2decimal places.L12345QTVC8001,600TC2,00040096015201760 3,200 4,40018804,000AFC1.253,600 0.790.685,200 0.64AVC2.001.671.581.822.13ATC2.922.372.502.77MC---1.433.336.67

Introduction Production cost is the overall expense a company makes to either create a good or…

The table below shows some of the costs incurred at Bill's Brickworks. Complete the table. If your answer is not a whole number, round to 2 decimal places. L 1 2 3 4 5 Q 400 960 1520 1760 1880 TVC 800 1,600 3,200 4,000 TC 2,000 3,600 4,400 5,200 AFC 1.25 0.79 0.68 0.64 AVC 2.00 1.67 1.58 1.82 2.13 ATC 2.92 2.37 2.50 2.77 MC - 1.43 3.33 6.67

The table below shows some of the costs incurred at Bill's Brickworks. Complete the table. If your answer is not a whole number, round to 2 decimal places. L 1 2 3 4 5 Q 400 960 1520 1760 1880 TVC 800 1,600 3,200 4,000 TC 2,000 3,600 4,400 5,200 AFC 1.25 0.79 0.68 0.64 AVC 2.00 1.67 1.58 1.82 2.13 ATC 2.92 2.37 2.50 2.77 MC - 1.43 3.33 6.67

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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c) Assuming that the cost of employing each worker is $220 per day (including wages and materials), and Custom Made Pot has daily fixed costs of $400, fill in Table B given below: Round your AVC and MC answers to one decimal place. Number of TP = WorkersOutput 1 2 3 4 5 6 18 80 180 240 280 294 7 TVC($) 6 220 440 660 880 1100 1320 TFC Table B 400 400 400 400 400 400 TC 620 840 1060 1280 1500 1720 AVC($) 22 5.5 3.67 3.67 G ATC 62 10.5 5.89 5.33 5.33 5.3 3.9 4.5 5.8 d) On the graph given below, plot the following points showing the quantity and dollar amounts. point of diminishing returns (D) most productive point (P) economic capacity (E) Once a point is plotted, a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Tools Question 1- CH 6: In-Class Activity x MC($) 0 220 220 220 220 220 Prev i 1 of 8 Next > O & https://exto.mheducation.com/ext/map/index.html? l
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