At zero output Total Costs = $50, at 1 unit TC = $70, at 2 units TC = $85, at 3 units TC = $95, at 4 units TC = $120, at 5 units TC = $160, and at 6 units TC = $240.
a) How much are fixed costs?
b) With which unit does diminishing returns begin?
c) How much are average total costs at 5 units?
d) How much are average fixed costs at 5 units?
e) What is the marginal cost of the 6th unit?
f) How much are average variable costs at 4 units?
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment