Only typed Answer Q12345678910FC$16$16$16$16$16$16$16$16$16$16VCATCAVC MC$36.00 $20.00 $20$27.00 $19.00 $18$23.33 $18.00 $16$21.00 $17.00 $14$54$68$80$19.20 $16.00 $12$94$18.33$15.67 $14$110 $18.00$15.71 $16$16.00 $18$128 $18.00$148 $18.22 $16.44 $20$170 $18.60 $17.00 $22OB. $15.67O C. $20O D. $16$20$38Using the table above, the lowestprice that the firm should produce inthe long run isA. $18

In the long run, the market price equals the minimum average total cost (ATC) of producing any…

Q 1 2 3 4 5 6 7 8 9 10 FC $16 $16 $16 $16 $16 $16 $16 VC ATC $20 $36.00 $27.00 $38 $54 $23.33 $68 $21.00 AVC MC $20.00 $20 $18 $19.00 $18.00 $16 $17.00 $14 $80 $19.20 $94 $18.33 $110 $18.00 $128 $18.00 $16.00 $18 $148 $18.22 $16.44 $20 $17.00 $22 $16 $16 $16 $170 $18.60 $16.00 $12 $15.67 $14 $15.71 $16 Using the table above, the lowest

Q 1 2 3 4 5 6 7 8 9 10 FC $16 $16 $16 $16 $16 $16 $16 VC ATC $20 $36.00 $27.00 $38 $54 $23.33 $68 $21.00 AVC MC $20.00 $20 $18 $19.00 $18.00 $16 $17.00 $14 $80 $19.20 $94 $18.33 $110 $18.00 $128 $18.00 $16.00 $18 $148 $18.22 $16.44 $20 $17.00 $22 $16 $16 $16 $170 $18.60 $16.00 $12 $15.67 $14 $15.71 $16 Using the table above, the lowest

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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R-61 [Review Question] I. F=A(F/A, 1%, 6) II. F=A(F/A, 1%, 5)(P/F, 1%, 1) III. F=A(P/A, 1%, 5)(F/P, i%, 6) IV. F=A(F/A, 1%, 4)(F/P, i%, 2)+A(F/P, i%, 1) V. F=5A(F/P, i%, 6) VI. F=5A(F/P, i% 1) i% о 12 3 4 5 How many equation(s) regarding F above is (are) correct? (A) 1 (B) 2 (C) 3 (D) More than 3 A A A A Ans: [B]
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