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Q5A) The data in Table 6.1 are for Sam's Strawberries. The quantities are for number of tones of strawberries per month. TC $3000 3200 3300
Q5A) The data in Table 6.1 are for Sam's Strawberries. The quantities are for number of tones of strawberries per month. TC $3000 3200 3300 W N 3500 3800 4300 a) What is the amount of TFC? b) What is the MC of the third tonne produced? c) What is the TVC of producing 4 tonnes? d) What is the ATC of producing 2 tonnes? Q5B) (5 marks) "A change in the AVC curve will lead to a change in the ATC curve; therefore, if there is a change in the ATC curve, there must have been a change in the AVC curve." Evaluate this statement
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