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OUTPUT TOTAL COST 0 45 1 54 2 62 3 69 4 75 5 82 6 90 Part 1: The TVC of producing 4 units
OUTPUT | TOTAL COST |
0 | 45 |
1 | 54 |
2 | 62 |
3 | 69 |
4 | 75 |
5 | 82 |
6 | 90 |
Part 1: The TVC of producing 4 units of output is
Part 2: The AFC of producing 6 units of output is:
Part 3: The marginal cost of producing the fifth unit of output is:
Part 4: The ATC of producing 5 units of output is:
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