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please solve question7 as well show work if possible Search x Home | University of fling X Inbox x Module 4: Discussion. 4 -X Quiz:
please solve question7 as well show work if possible
Search x Home | University of fling X Inbox x Module 4: Discussion. 4 -X Quiz: Exam 2 ECO315 SU22 X Quis - Search https//uispringfield.instructure.com/courses/7259/quizzes/34751/take 2022 Summer Fill in Table 1. Which statement best describes the average fixed cost (AFC) when moving from 1,000 toys to Home 5,000 toys? (Note: the firm can produce one additional toy, however, the table only provides data in increments of 1,000 toys.) Announcements TABLE 1 Syllabus (A) (B) (D (E) (F) (G) (H) Quantity Variable Fixed Total Average Total Average Average Fixed Marginal Toys Cost Cost of Cost of Cost of Variable Cost of Cost of Cost of Modules of Production Production Production Production Production Production Production (OOO S COOO S (OOO S) Discussions o s 40 20 40 Assignments 38 S 40 55 5 40 Quizzes 4 85 S 40 125 S 40 6 170 5 40 Grades My Media O AFC increases with output levels Zoom O AFC decreases with output levels People AFC is zero at all output levels Since fixed costs do not change AFC does not change with output levels 2 pts D Question 7 Using Table 1, what is the marginal cost of moving from quantity 2,000 to 3,000? 5,000 to 6.000? 18:46 PMStep by Step Solution
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