Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

ignment 3 Question 4 of 21 This test: 60 point(s) possible This question: 3 point(s) possible K Use the information in the graph to the

image text in transcribedimage text in transcribed
ignment 3 Question 4 of 21 This test: 60 point(s) possible This question: 3 point(s) possible K Use the information in the graph to the right to find the values for the following at an output level of 65. 100- The marginal cost is $ (Round your response to the nearest dollar.) MC The total cost is $ (Round your response to the nearest dollar.) The vanable cost is $ (Round your response to the nearest dollar ) AFC AVE The fixed cost is $ (Round your response to the nearest dollar) Cost 50....." 42..... 65 Quantity of output Time Remaining 92 44 47 NexAssignment 3 Question 2 of 21 > This test: 60 point(s) possible This question: 3 point(s) possible K Sue's Surfboards hires workers at $500 a week. Its total fixed cost is $1,000 a week. The table shows the Cost (dollars per week) firm's total product schedule and the graph shows the cost curves. 4500- Labour Output (workers per week) (surfboards per week) 4000 30 3500 70 120 3000 QUIA W N 160 190 2500- 210 2000- When the Sue's output is 160 surfboards a week, the firm's total fixed cost is $ , total variable cost is s, and total cost is $ 1500- Sue's output is 160 surfboards a week 1000- Draw a point to show the firm's 1) total fixed cost Label it TFC. 500 2) total variable cost. Label it TVC. 3) total cost. Label it TC. 20 40 60 80 100 120 140 160 180 200 220 Output (surfboards per week) > >> Draw only the objects specified in the question Time Remaining: 02:44 23 Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Economics

Authors: R. Glenn Hubbard

6th edition

978-0134106243

More Books

Students also viewed these Economics questions