Ecomonic

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75 Table 1 Output Quantity Average Fixed Cost (in 10 100 110 20 50 60 40 25 35 50 20 30 100 10 20 Based on the table , what is the marginal cost of increasing production from 40 to 50 units 5 50 100 10 Table 1 Output Quantity Average Fixed Cost (in 10 100 110 20 50 60 40 25 35 50 20 30 100 10 20 Based on the table , what is the 30 2000 20 3000 Table 1 Output Quantity Average Fixed Cost (in 10 100 110 20 50 60 40 25 35 50 20 30 100 10 20 In general , what happens to the difference between average and marginal cost increase with increase of production decrease with increase of production depends on the section of the cost curves remains constant What is the term for the difference between fixed cost and marginal cost average fixed cost average cost variable cost 6

75 the answer depends on the number of cases sold Table 3 Quantity 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 634 705 785 Marginal Cost n /a 22 20 18 17 18 20 22 25 28 32 36 42 47 54 62 71 80 n /a not applicable Quantities are in thousands of cases (24 cans per case ) per month Based on the table , what is the quantity maximize profits for the quantity 4000 7000 10000 12000 Table 3 Quantity 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 634 705 785 Marginal Cost n /a 22 20 18 17 18 20 22 25 28 32 36 42 47 54 62 71 80 n /a not applicable Quantities are in thousands of cases (24 cans per case ) per month Based on the table , what is the average variable cost when the firm produces 20 units of outputs insufficient information to answer the question 30 10 15 Table 4 Output

18 Output Quantity TC TVC MC 0 48 0 NA 1 73 25 25 2 94 46 21 3 114 66 4 130 82 5 148 100 6 168 120 7 189 141 8 216 168 27 Based on the table , what is the 4806 8750 12000 210000 Table 3 Quantity 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 634 705 785 Marginal Cost n /a 22 20 18 17 18 20 22 25 28 32 36 42 47 54 62 71 80 n /a not applicable Quantities are in thousands of cases (24 cans per case ) per month Based on the table , what is the marginal revenue per case 42 20 1

Base on the table , what is the marginal cost when outputs is seven units a

Paper Topic: Ecomonic Based on the table , what is the average variable cost when the firm produces 40 units of outputs 10 400 25 1

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16 d

21 b

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