What is the optimal output when the fixed cost of output is $1507 The following table shows the quantity and MC at different levels of fixed costs. Use the following table to answer the next four questions. The price of output is given as $50. Q 0 1 2 3 4 5 6 7 8 9 10 a. 1 unit b. 7units c. 9 units d. 10 units MC 50 28 20 14 18 20 22 38 45 55 C (FC=100) C (FC = $150) C (FC = $180) 100 150 180 150 200 230 178 228 258 198 248 278 212 262 230 250 272 310 355 410 280 300 322 360 405 460 292 310 330 352 390 435 490

What is the optimal output when the fixed cost of output is $1507 The following table shows the quantity and MC at different levels of fixed costs. Use the following table to answer the next four questions. The price of output is given as $50. Q 0 1 2 3 4 5 6 7 8 9 10 a. 1 unit b. 7units c. 9 units d. 10 units MC 50 28 20 14 18 20 22 38 45 55 C (FC=100) C (FC = $150) C (FC = $180) 100 150 180 150 200 230 178 228 258 198 248 278 212 262 230 250 272 310 355 410 280 300 322 360 405 460 292 310 330 352 390 435 490

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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