Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Question
Chapter 8, Problem 2.10P
To determine
The marginal revenue, marginal cost and average total cost.
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Students have asked these similar questions
Use the information in the graph to the right to find the values
for the following at an output level of 65
The marginal cost is $55 (Enter a numeric response using
an integer.)
The total cost is $2925
The variable cost is $2405
The fixed cost is $520
XX
Cost
100-
55
45.
37
0
65
Quantity of output
MC
ATC
AVC
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
Consider the following chart. How much is
the marginal cost when total output increases
from 390 pounds to 450 pounds?
Total Output
Total Cost
Marginal Cost
(Pounds)
(TC = FC + VC)
0
150
150
300
240
450
320
600
390
750
450
900
420
1050
$1.50
$2.25
$2.00
$2.50
Chapter 8 Solutions
Principles of Economics (12th Edition)
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