Assume that the operation has the cost function CIC) = 200 - 30 - 80- 40 and the marginal cost function MC (0) = 3- 160 - 1202 Determine the following: Average fixed cost to product 6 units of output. Average variable cost to produce 6 untis of output. Marginal cost to produce 6 units of outout Average total cost to produce 6 units of output
Assume that the operation has the cost function CIC) = 200 - 30 - 80- 40 and the marginal cost function MC (0) = 3- 160 - 1202 Determine the following: Average fixed cost to product 6 units of output. Average variable cost to produce 6 untis of output. Marginal cost to produce 6 units of outout Average total cost to produce 6 units of output
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 17SQ
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