Question
Complete the following table and determine--approximately--the output levels corresponding to critical points: Quant. FCVCTCMCACAVC 0..........30............... 1...............27.......... 2.....46.................... 3..........87............... 4.........................16 5..........100............... 6.....84.................... 7...............32.......... You need to
Complete the following table and determine--approximately--the output levels corresponding to critical points:
Quant. FCVCTCMCACAVC
0..........30...............
1...............27..........
2.....46....................
3..........87...............
4.........................16
5..........100...............
6.....84....................
7...............32..........
You need to approximately determine the quantities of output where MC is Minimum (an inflection point on the TC curve), Minimum of AT ( when ATC is the same MC) and the minimum of AVC (when the AVC = MC).
I need the answer for determining the output levels as well.
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