es of the AFC and AVC curves 1OTE: you do not r ariable cost information.) For quantities of 50, 100 owing two is likely to be largest: ATC or AVC? L. II III L-- -LJ-J-. --4. יד-ר - -LJ-J-L. -+-- 4. IIII ---1-L -- +-4 T --1--L

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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Assume that Peter's short run Total Cost Curve is TC = 20,000q- 200q +q°.
%3D
Sketch the shapes of the AFC and AVC curves (NOTE: you do not need the
exact fixed vs. variable cost information.) For quantities of 50, 100, and 150,
which of the following two is likely to be largest: ATC or AVC?
F T-
-LJ---L---- 1 -1.L-- - --L.
IIII
IIII
-LJ-J-L-
IIII
1---
--+-+ -
3D
%3D
---
ת- ד- דדוT
ד - רדו
-1-L--J-1 -1-L.
-1 L-E-LJ-J-1.
IIII
--1-1-L--J- 1 -1-L-- --L-E-LJ-J-1-
IIII
+-+---- -+ -+---
-- 1-+ -
-I-4-4
-LL- -L
r-ר -ר
Transcribed Image Text:Assume that Peter's short run Total Cost Curve is TC = 20,000q- 200q +q°. %3D Sketch the shapes of the AFC and AVC curves (NOTE: you do not need the exact fixed vs. variable cost information.) For quantities of 50, 100, and 150, which of the following two is likely to be largest: ATC or AVC? F T- -LJ---L---- 1 -1.L-- - --L. IIII IIII -LJ-J-L- IIII 1--- --+-+ - 3D %3D --- ת- ד- דדוT ד - רדו -1-L--J-1 -1-L. -1 L-E-LJ-J-1. IIII --1-1-L--J- 1 -1-L-- --L-E-LJ-J-1- IIII +-+---- -+ -+--- -- 1-+ - -I-4-4 -LL- -L r-ר -ר
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