Please provide solution for E The table below shows some of the costs of production for a the Clean-Cut Chain Saws manufacturing company:a) Complete the table. Round your answers to nearest whole numbers.TotalVariable CostAverageAverageTotal CostAverageFixed CostOutputTotal CostMarginal CostVariable Cost$ 2,100243,00e90030009002100006190014673,80017008008501050230076767570052534,4006004, 80027004001200455,190300030010206004205,40033003009005503506,00039006008575573006,700460070083857526397,5005400800833600233b. What is the value of total fixed cost?2100c. What is the most productive level of output?6 unitsd. At what output is economic capacity?Output:unitse. If TFC doubled, what is the marginal cost of the 8th unit?Marginal cost: $

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e. If TFC doubled, what is the marginal cost of the 8th unit? Marginal cost: $

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Question

Please provide solution for E

The table below shows some of the costs of production for a the Clean-Cut Chain Saws manufacturing company:
a) Complete the table. Round your answers to nearest whole numbers.
Total
Variable Cost
Average
Average
Total Cost
Average
Fixed Cost
Output
Total Cost
Marginal Cost
Variable Cost
$ 2,100
24
3,00e
900
3000
900
2100
006
1900
1467
3,800
1700
800
850
1050
2300
767
675
700
525
3
4,400
600
4, 800
2700
400
1200
4
5
5,190
3000
300
1020
600
420
5,400
3300
300
900
550
350
6,000
3900
600
857
557
300
6,700
4600
700
838
575
263
9
7,500
5400
800
833
600
233
b. What is the value of total fixed cost?
2100
c. What is the most productive level of output?
6 units
d. At what output is economic capacity?
Output:
units
e. If TFC doubled, what is the marginal cost of the 8th unit?
Marginal cost: $

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