Total Total Average Average Variable Output Fixed Variable Total Total Marginal (Q) Cost Cost Cost Cost Cost Cost 150 $500 $400 $900 $2.67 200 $500 $800 $1,300 $6.50 The table above shows costs for a firm. When Q = 150, Average Total Cost (ATC) is equal to: Select one: a. $3.33 b. $900 c. $6.00
Total Total Average Average Variable Output Fixed Variable Total Total Marginal (Q) Cost Cost Cost Cost Cost Cost 150 $500 $400 $900 $2.67 200 $500 $800 $1,300 $6.50 The table above shows costs for a firm. When Q = 150, Average Total Cost (ATC) is equal to: Select one: a. $3.33 b. $900 c. $6.00
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![37
Total
Total
Average
Average
Output
Fixed
Variable
Total
Variable
Total
Marginal
(Q)
Cost
Cost
Cost
Cost
Cost
Cost
E of
150
$500
$400
$900
$2.67
200
$500
$800
$1,300
$6.50
The table above shows costs for a firm. When Q = 150, Average Total Cost (ATC) is equal to:
Select one:
а. $3.33
b. $900
c. $6.00
d. $2.67](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F193714d8-3c10-4709-93ec-78d72c25a76b%2Fed637794-4f81-4419-994b-9fee317cbd91%2Fo37xjdx_processed.png&w=3840&q=75)
Transcribed Image Text:37
Total
Total
Average
Average
Output
Fixed
Variable
Total
Variable
Total
Marginal
(Q)
Cost
Cost
Cost
Cost
Cost
Cost
E of
150
$500
$400
$900
$2.67
200
$500
$800
$1,300
$6.50
The table above shows costs for a firm. When Q = 150, Average Total Cost (ATC) is equal to:
Select one:
а. $3.33
b. $900
c. $6.00
d. $2.67
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