6. Given the following diagram and the information that input a is the only vari-able input, answer the questions in parts a through d.OutputTPa12090603001101530Input aa. What is the maximum value of AP,?b. At approximately what quantity of input a will MP, be at a maximum?c. If P, is $96, what is the minimum AVC?4.P4=96 TFC4800 hnd STC SAC ot ofplevelg 60 units20

6. Given the following diagram and the information that input a is the only varı- able input, answer the questions in parts a through d. Output| TPa 120 90 60 30 10 15 20 30 Input a a. What is the maximum value of AP,? b. At approximately what quantity of input a will MP, be at a maximum? c. If P is $96, what is the minimum AVC? 4.84-96 TFC480o hnd STCA SAC at ofp levelg60 units

6. Given the following diagram and the information that input a is the only varı- able input, answer the questions in parts a through d. Output| TPa 120 90 60 30 10 15 20 30 Input a a. What is the maximum value of AP,? b. At approximately what quantity of input a will MP, be at a maximum? c. If P is $96, what is the minimum AVC? 4.84-96 TFC480o hnd STCA SAC at ofp levelg60 units

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 13RQ: What is the difference between a fixed input and a variable input?

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