esOutput612345S61789Total Cost$ 2,5003,4164,0404.4804,9005,2205,5406,3107,3289,7182500TotalVariableCostb. What is the value of total fixed cost?6 units$0units91015401980240027203040381048207210Marginal Costc. What is the most productive level of output?$91063044042032032077010102390AverageTotal Cost$d. At what output is economic capacity?Output:e. If TFC doubled, what is the marginal cost of the 7th unit?341020201493.3312251044923.33901.429151078.89AverageVariable Cost$910770660600544506.67544 296025801.11AverageFixed Cost25001250833.33625500416.6735713312.527778 wd. At what output is economic capacity?Output:e. If TFC doubled, what is the marginal cost of the 7th unit?Marginal cost: $units0Prev6 of 8 --SAMSUNG

Output Total Cost Total Variable Cost Marginal Cost Average Total Cost Average Variable Cost Average…

b. What is the value of total fixed cost? $ 2500 c. What is the most productive level of output? 6 units d. At what output is economic capacity? Output: units e If TFC doubled what is the marginal cost of the 7th unit?

b. What is the value of total fixed cost? $ 2500 c. What is the most productive level of output? 6 units d. At what output is economic capacity? Output: units e If TFC doubled what is the marginal cost of the 7th unit?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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Question

es
Output
6
1
2
3
4
5
S
6
17
8
9
Total Cost
$ 2,500
3,416
4,040
4.480
4,900
5,220
5,540
6,310
7,328
9,718
2500
Total
Variable
Cost
b. What is the value of total fixed cost?
6 units
$
0
units
910
1540
1980
2400
2720
3040
3810
4820
7210
Marginal Cost
c. What is the most productive level of output?
$
910
630
440
420
320
320
770
1010
2390
Average
Total Cost
$
d. At what output is economic capacity?
Output:
e. If TFC doubled, what is the marginal cost of the 7th unit?
3410
2020
1493.33
1225
1044
923.33
901.42
915
1078.89
Average
Variable Cost
$
910
770
660
600
544
506.67
544 29
6025
801.11
Average
Fixed Cost
2500
1250
833.33
625
500
416.67
35713
312.5
27778

w
d. At what output is economic capacity?
Output:
e. If TFC doubled, what is the marginal cost of the 7th unit?
Marginal cost: $
units
0
Prev
6 of 8 --
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