Use the information in the table to answer the below question. Price Quantity Total Revenue Total Cost Economic Profit $20.00 0 $ 100.00 $ 19.00 10 $ 250.00 $ 18.00 20 $ 330.00 $ 17.00 30 $ 400.00 $ 16.00 40 $ 15.00 50 $ 530.00 $ 700.00 What is the total variable cost to produce 40 units?
Use the information in the table to answer the below question. Price Quantity Total Revenue Total Cost Economic Profit $20.00 0 $ 100.00 $ 19.00 10 $ 250.00 $ 18.00 20 $ 330.00 $ 17.00 30 $ 400.00 $ 16.00 40 $ 15.00 50 $ 530.00 $ 700.00 What is the total variable cost to produce 40 units?
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 1QR
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Use the information in the table to answer the below question.
Price
Quantity
Total Revenue
Total Cost
Economic Profit
$ 20.00
0
$ 100.00
$ 19.00
10
$ 250.00
$ 18.00
20
$ 330.00
$ 17.00
30
$ 400.00
$ 16.00
40
$ 15.00
50
$ 530.00
$ 700.00
What is the total variable cost to produce 40 units?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc8f214dc-408a-466f-a446-71791550a849%2F9d9c896a-57b4-4c58-89d5-83e309a5375b%2Fjt6pq17_processed.jpeg&w=3840&q=75)
Transcribed Image Text:44
Use the information in the table to answer the below question.
Price
Quantity
Total Revenue
Total Cost
Economic Profit
$ 20.00
0
$ 100.00
$ 19.00
10
$ 250.00
$ 18.00
20
$ 330.00
$ 17.00
30
$ 400.00
$ 16.00
40
$ 15.00
50
$ 530.00
$ 700.00
What is the total variable cost to produce 40 units?
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