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Q 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 2 2.1 2.2 2.3 2.4 2.5 2.6
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0.3 |
0.4 |
0.5 |
0.6 |
0.7 |
0.8 |
0.9 |
1 |
1.1 |
1.2 |
1.3 |
1.4 |
1.5 |
1.6 |
1.7 |
1.8 |
1.9 |
2 |
2.1 |
2.2 |
2.3 |
2.4 |
2.5 |
2.6 |
2.7 |
2.8 |
2.9 |
3 |
3.1 |
3.2 |
3.3 |
3.4 |
3.5 |
3.6 |
3.7 |
3.8 |
3.9 |
4 |
4.1 |
4.2 |
4.3 |
4.4 |
4.5 |
4.6 |
4.7 |
4.8 |
4.9 |
5 |
5.1 |
5.2 |
5.3 |
5.4 |
5.5 |
5.6 |
5.7 |
5.8 |
5.9 |
6 |
6.1 |
6.2 |
6.3 |
6.4 |
6.5 |
6.6 |
6.7 |
6.8 |
6.9 |
7 |
7.1 |
7.2 |
7.3 |
7.4 |
7.5 |
7.6 |
7.7 |
7.8 |
7.9 |
8 |
8.1 |
8.2 |
8.3 |
8.4 |
8.5 |
8.6 |
8.7 |
8.8 |
8.9 |
9 |
9.1 |
9.2 |
9.3 |
9.4 |
9.5 |
9.6 |
9.7 |
9.8 |
9.9 |
10 |
10.1 |
10.2 |
10.3 |
10.4 |
10.5 |
10.6 |
10.7 |
10.8 |
10.9 |
11 |
11.1 |
11.2 |
11.3 |
11.4 |
11.5 |
11.6 |
11.7 |
11.8 |
11.9 |
12 |
12.1 |
12.2 |
12.3 |
12.4 |
12.5 |
12.6 |
12.7 |
12.8 |
12.9 |
13 |
13.1 |
13.2 |
13.3 |
13.4 |
13.5 |
13.6 |
13.7 |
13.8 |
13.9 |
14 |
14.1 |
14.2 |
14.3 |
14.4 |
14.5 |
14.6 |
14.7 |
14.8 |
14.9 |
15 |
19. It only includes one variable, capturing the variations in output of one product (Q). Consider the total cost function below: TC=10+10*Q-0.9*Q2+0.04*Q3
Using the aforesaid dataset, compute the average total cost (ATC) and marginal cost (MC). The ATC and MC are almost equal when output is about _____ units.
21. Consider the information in Question No. 19. Theminimumfor ATC is about _____ dollars.
Note:Round your answer to two decimal points.
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