Exhibit 9a.1: Costs for the Zonker Company Quantity (units per week) Total Cost Total Variable Cost (dollars per week) 20 (dollars per week) 26 14 3 36 24 4 50 38 68 56 93 81 128 116 1. If the market price fell to $11 per unit, Zonker maximizes profit in the short run by producing units per week. a. 1 b. 2 c. 3 d. 0 2. The lowest short run average total cost for Zonkers occurs when they produce units per week. a. 2 b. 3 C. 4 d. 5
Exhibit 9a.1: Costs for the Zonker Company Quantity (units per week) Total Cost Total Variable Cost (dollars per week) 20 (dollars per week) 26 14 3 36 24 4 50 38 68 56 93 81 128 116 1. If the market price fell to $11 per unit, Zonker maximizes profit in the short run by producing units per week. a. 1 b. 2 c. 3 d. 0 2. The lowest short run average total cost for Zonkers occurs when they produce units per week. a. 2 b. 3 C. 4 d. 5
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 3SCQ: The WipeOut Ski Company manufactures skis for beginners. Fixed costs are 30. Fill in Table 7.16 for...
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