Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ECON: PLEASE PROVIDE FORMULAS AND EXPLANATION FOR EVERY BLANK PART YOU FILL OUT! I need to understand exactly what you did for each blank spot

ECON:

PLEASE PROVIDE FORMULAS AND EXPLANATION FOR EVERY BLANK PART YOU FILL OUT! I need to understand exactly what you did for each blank spot in order to get credit, otherwise its not helpful for me to understand how to actually solve this (I can use CHATGPT to get answers, I need steps and explanation in order to understand): ------------------------------------------------------------------------------------------------------------------------------------------------------------ fill in the blanks:

image text in transcribedimage text in transcribed
Total Total Average Average Average Total fixed variable fixed variable total Marginal Output cost cost cost cost cost cost cost 100 1,000 200 9 300 9.50 1 1111 400 7,300 500 1 0 1 1 1 1 1 16.78 1III11 111111 600 6,000 1 700 12.50 800 12, 1509. Your table should look like: Total Total Average Average Average Total fixed variable fixed variable total Marginal Output cost cost cost cost cost cost cost 100 4500 3,500 1,000 35 10 45 10 200 5300 3,500 1,800 17.50 9 26.50 8 300 6,250 3,500 2,750 11.67 917 20.83 9.50 400 7,300 3,500 3,800 8.75 950 18.25 10.50 500 8,390 3,500 4,890 7.00 9.78 16.78 10.90 600 9,500 3,500 6,000 5.83 10 15.83 11.10 700 10,750 3,500 7,250 5 1036 15.36 12.50 800 12,150 3,500 8,650 438 1081 15.19 14

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic Accounting

Authors: Robert Rufus, Laura Miller, William Hahn

1st Edition

133427528, 133050475, 9780133427523, 978-0133050479

Students also viewed these Economics questions