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Given the following dataOutputTotal cost 6 14 20 24 30 45 60 What is the value of total fixed cost? _______ What is the value
Given the following dataOutputTotal cost
- 6
- 14
- 20
- 24
- 30
- 45
- 60
- What is the value of total fixed cost? _______
- What is the value of total variable cost when output= 4? _______
- What is the value of average total cost when output equals 6?______
- What is the marginal cost of the fifth unit?_______
- At what level of output is marginal cost at its minimum value? _____
- IF P=$5 what is the level of output?_____
- If P=$7 what is the level of output? _____
- If P=$15, What is the level of output ?
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