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Exhibit 6-7 Cost schedule for a firm Quantity Total Ct Marginal Cost I 200 900 $900 3,000 5) le Exhibit 6-7 by fillng in the
Exhibit 6-7 Cost schedule for a firm Quantity Total Ct Marginal Cost I 200 900 $900 3,000 5) le Exhibit 6-7 by fillng in the blanks it can be determined that the fixed costs are 6) In Exhibi 6-7, by filling in the blanks it can be determined that the marginal cost of the first unit of output is: 7) In Exhibit 6-7, by filing in the blanks, t can be determined that the marginal cost of the third unt of output is: 8) Which of the following statements is true? C. 900 C. 900 C. 700. B. 200 D. 1,000 E. 3,000. A. 0 A. 200 A. 0 A TC TFC TVC B. 700. D. 1,000 E. 3,000. B. 200 D. 1,200 E. 2,000. C. TFC.TC-TVC. D. MC equals the change in ATC divided by the change in Q. Which of the following is an example of a fixed cost for a fishing company? A The cost of hiring a fishing crew B. The fuel costs of running the boat. C. The monthly loan payment on the boat. D. The supply of nets, hooks, and fishing lines 9) E. Bait
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