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Quantity TC TVC ATC AVC 0 5 0 1 6 1 6 1 2 9 4 4.5 2 3 11 6 3.666667 2 4 13
Quantity | TC | TVC | ATC | AVC |
0 | 5 | 0 | ||
1 | 6 | 1 | 6 | 1 |
2 | 9 | 4 | 4.5 | 2 |
3 | 11 | 6 | 3.666667 | 2 |
4 | 13 | 8 | 3.25 | 2 |
5 | 17 | 12 | 3.4 | 2.4 |
6 | 22 | 17 | 3.666667 | 2.833333 |
7 | 26 | 21 | 3.714286 | 3 |
8 | 32 | 27 | 4 | 3.375 |
9 | 38 | 33 | 4.222222 | 3.666667 |
10 | 48 | 43 | 4.8 | 4.3 |
The above represents the total costs of a perfectly competitive firm. The firm will stop production at any price less than Answer._____
**round your answer to 2 decimal places. Eg. 10.6548 should be 10.66.
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