Refer to the information provided in Table 8.3 below to answer the questions that follow.Number ofEarrings TVC MC AVC TFC TC AFC ATC12345Table 8.320Answer: CDiff: 2Topic: Costs in the Short RunSkill: Analytic1020A) $10; $30B) $20; $45C) $30; $35D) indeterminate from the given information11057) Refer to Table 8.3. The marginal cost of the fourth unit isof the fourth unit is18030and the average total cost

The price that the business pays to produce one more unit of production is known as the marginal…

Refer to the information provided in Table 8.3 below to answer the questions that follow. A) $10; $30 B) $20; $45 Number of Earrings TVC MC AVC TFC TC AFC ATC 0 1 2 3 45 Table 8.3 20 Answer: C Diff: 2 Topic: Costs in the Short Run Skill: Analytic 10 20 57) Refer to Table 8.3. The marginal cost of the fourth unit is of the fourth unit is C) $30; $35 D) indeterminate from the given information 110 180 30 and the average total cost

Refer to the information provided in Table 8.3 below to answer the questions that follow. A) $10; $30 B) $20; $45 Number of Earrings TVC MC AVC TFC TC AFC ATC 0 1 2 3 45 Table 8.3 20 Answer: C Diff: 2 Topic: Costs in the Short Run Skill: Analytic 10 20 57) Refer to Table 8.3. The marginal cost of the fourth unit is of the fourth unit is C) $30; $35 D) indeterminate from the given information 110 180 30 and the average total cost

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter4: Extent (how Much) Decisions

Section: Chapter Questions

Problem 4.2IP

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Complete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980
based on the information in the table what is marla's profit margin? total revenue-$1,400total cost- $900average cost- $7fixed cost-$700quantity-200
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