Use the table below to answer the following questions. O a. $6.25. O b. $5. Oc $4.25. O d. $25. Oe. $4. Labour Output TFC TVC TC (workers per (teapots per (dollars per(dollars per(dollars per day) day) day) 20 day) 0 1 2 3 4 5 4 9 Table 10.3.1 13 16 18 888888 20 20 20 20 20 11182 100 day) 20 45 70 95 145 Refer to Table 10.3.1, which gives Tania's Teapots' total cost schedule. When output increases from 4 to 9 teapots, the marginal cost of one of the 5 teapots is
Use the table below to answer the following questions. O a. $6.25. O b. $5. Oc $4.25. O d. $25. Oe. $4. Labour Output TFC TVC TC (workers per (teapots per (dollars per(dollars per(dollars per day) day) day) 20 day) 0 1 2 3 4 5 4 9 Table 10.3.1 13 16 18 888888 20 20 20 20 20 11182 100 day) 20 45 70 95 145 Refer to Table 10.3.1, which gives Tania's Teapots' total cost schedule. When output increases from 4 to 9 teapots, the marginal cost of one of the 5 teapots is
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Use the table below to answer the following questions. O a. $6.25. O b. $5. $4.25. Table 10.3.1 Labour TFC TVC TC Output (workers per (teapots per (dollars per (dollars per (dollars per day) 0 day) day) day) 0 Oc с. O d. $25. Oe. $4. 1234 141569 0 5 13 18 day) 20 20 20 20 20 20 - E 100 125 型 20 5 270 5 - 145 Refer to Table 10.3.1, which gives Tania's Teapots' total cost schedule. When output increases from 4 to 9 teapots, the marginal cost of one of the 5 teapots is 45 95
Transcribed Image Text:Use the table below to answer the following questions.
Table 10.3.1
Labour
Output TFC
(workers per (teapots per (dollars per (dollars per (dollars per
TVC
TC
day)
day)
day)
day)
day)
0
0
20
0
1
O a $6.25.
Ob. $5.
OC $4.25.
O d. $25.
O e. $4.
2
3
4
5
4
9
13
16
18
222222
20
20
20
20
11189
100
125
145
Refer to Table 10.3.1, which gives Tania's Teapots' total cost schedule. When output increases from 4 to 9 teapots, the marginal cost of one of the 5
teapots is
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