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The production manager of a clothing manufacturer estimates that the total annual cost of producing men's suits is given by the equation: TC = 5,000
The production manager of a clothing manufacturer estimates that the total annual cost of producing men's suits is given by the equation: TC = 5,000 + 4,100Q - 8Q2 + .04Q3. How much is AVC at an output of 100 units? 0 $2,500 0 $3,700 O $4,200 0 $4,420 Q $37,000 ATC $296 288 AVC Costs 208 (dollars per unit) 200 100 120 Rate of Output (units per time period) Refer to the above figure, what is the total variable cost when output is 100 units? O $9,600 O $296. O $200. O $20,000The production manager of a clothing manufacturer estimates that the total annual cost of producing men's suits is given by the equation: Tc = 5,000 + 4,100Q - 8Q2 + .04Q3 , At what output level does Mc reach a minimum? 0 33,33 0 66.67 0 100 0 133.33 MC ATC $296 288 AVC Costs 208 (dollars per unit) 200 100 120 Rate of Output (units per time period) Refer to the above figure, what is the total fixed cost? O $9,600 O $296 O $200 O $20,000
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