The table below shows some of the costs of production for a the Clean-Cut Chain Saws manufacturing company a) Complete the table. Round your answers to nearest whole numbers. Output e 1 2 3 Total Cost $2,510 3,430 4,050 4,510 4,920 5,230 5,540 6,300 7,300 9,700 b. What is the value of total fixed cost? $ c. What is the most productive level of output? 4 5 6 7 8 9 Total Variable Cost units $ O 3430 8100 13530 19680 Marginal Cost 26150 33240 44100 58400 87300 $ 920 620 460 410 310 310 760 1000 2400 Average Total Cost $ 1 3430 2025 1503.34 1230 1046 923.33 900 912.5 107778 Average Variable Cost S 3430 4050 4510 1230 1046 4920 6300 7300 9700 Average Fixed Cost $ 1

The table below shows some of the costs of production for a the Clean-Cut Chain Saws manufacturing company a) Complete the table. Round your answers to nearest whole numbers. Output e 1 2 3 Total Cost $2,510 3,430 4,050 4,510 4,920 5,230 5,540 6,300 7,300 9,700 b. What is the value of total fixed cost? $ c. What is the most productive level of output? 4 5 6 7 8 9 Total Variable Cost units $ O 3430 8100 13530 19680 Marginal Cost 26150 33240 44100 58400 87300 $ 920 620 460 410 310 310 760 1000 2400 Average Total Cost $ 1 3430 2025 1503.34 1230 1046 923.33 900 912.5 107778 Average Variable Cost S 3430 4050 4510 1230 1046 4920 6300 7300 9700 Average Fixed Cost $ 1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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