Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) Quantity Total Cost Marginal Cost Fixed Cost Variable Cst (Pairs) (Dollars) (Dollars) (Dollars) (Dollars) 60 60 100 160 60 100 60 2 220 60 210 50 270 60 110 70 4 340 60 280 110 5 450 60 390 180 6 630 60 570 8 8 8 8 8 88

Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) Quantity Total Cost Marginal Cost Fixed Cost Variable Cst (Pairs) (Dollars) (Dollars) (Dollars) (Dollars) 60 60 100 160 60 100 60 2 220 60 210 50 270 60 110 70 4 340 60 280 110 5 450 60 390 180 6 630 60 570 8 8 8 8 8 88

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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