{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

cost2a - 52 4 The MC of the output level 14 is equal to $ 2...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Additional Problem 2: Production Costs The figure below shows the three total cost curves. Complete the sentences given below. 1. The ATC of producing 10 units of X is equal too $ 2.40 . 2. The ATC of 20 units of X is the same as the ATC of 10 units of X. 3. The TC of producing 21 units of X is equal to $
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 52 . 4. The MC of the output level 14 is equal to $ 2 . 5. The AVC of producing 10 units of X is equal to $ 1.40 . 6. The AFC of producing 21 units of X is $ 10/21 = $ .48 . 7. AVC = AFC at the output level 3 ....
View Full Document

{[ snackBarMessage ]}