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Kami Export - EVA FORREST - cost packet.pdf - Problem Set...

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ProblemSet 4.1ProblemSet4.1TheFixed,Variable,andTotalCostofProductionThetablebelowprovidesproductioncostdataforOUTPUT10VARIABLECOST100175225250260275325400500700FIXEDCOST1.2.FillintheblanksinTableGraphvariablecost,fixedcost,totalcostonthegraphbelow.Whatistherelationship(ifbetweenVCandTC?850800750700650600550500450oTOTALCOST100afirm.3.4.1andany)Why?40035030025020015010050123456-7891095Q
96Chapter4/ProductionCostsandPerfectCompetitionProblemSet4.2TheAverageandMarginalCostofProductionUsetheinformationinthetableinProblemSet4.1coanswerthefollow-ingquestions.OUTPUT1020019018017016015014013012011010090807060AVCAFCATC50403020106789MC10
971.2.3.4.5.6.ProblemSet4.2Fillinthetable.Graphchedatafromthetableonthegraph.WhydoesAFChavecheshapethatithas?WhatisthegraphicalrelationshipbetweenMCandAVC,ifany?WhatisthegraphicalrelationshipbenveenMCandATC,ifany?WhatisthegraphicalrelationshipbetweenMCandAFC,ifany?

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Term
Summer
Professor
schell
Tags
AFC, Daphne

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