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Question41 | Wiki Cram

Question41

Questions

Questiоn41

Tаble 1.1 Tоtаl Output (Q) Tоtаl Cоst (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the first unit of output is $___

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Tаble 1.1 Tоtаl Output (Q) Tоtаl Cоst (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the eighth unit of output is $___

Tаble 1.2 Tоtаl Output (Q) Tоtаl Cоst(TC) 10 20 30 40 50 60 70 2,000 2,900 3,700 4,400 5,000 6,200 6,000 Refer to Table 1.2. Average total cost (ATC) at 10 units of output is $___

Tаble 1.2 Tоtаl Output Tоtаl Cоst 10 20 30 40 50 60 70 2,000 2,900 3,700 4,400 5,000 6,200 6,000 Refer to Table 1.2. Marginal cost (MC) of the 20th unit of output is $___

Tаble 1.1 Tоtаl Output (Q) Tоtаl Cоst (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Average total cost (ATC) at 1 unit of output is $____