Some quick questions: a. If ATC = $12 at Q = 5, what is TC? b. If

Question:

Some quick questions:

a. If ATC = $12 at Q = 5, what is TC?

b. If AVC = $10 at Q = 10 and AVC = $11 at Q = 11, what is the MC of the eleventh unit?

c. If ATC = $12 and MC = $15, is ATC rising or falling?

d. If ATC = $15 and AVC = $10 at Q = 10, what is TFC?

e. If TC = $150 at Q = 8 and $180 at Q = 9, what is the MC of the ninth unit?

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Economics Barrons Business Review Series

ISBN: 9781438008776

6th Edition

Authors: Walter J. Wessels

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Question Posted: Feb 18, 2024 04:00 AM

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Some quick questions: a. If ATC = $12 at Q = 5, what is TC? b. If

Question:

Step by Step Answer:

a 60 Q ATC TC since ATC TCQ b 21 Q AVC TVC since TVC AVCQ ...View the full answer

Economics Barrons Business Review Series

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