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
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Author:Steven A. Greenlaw; David Shapiro
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Chapter7: Production, Costs, And Industry Structure
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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
Transcribed Image Text: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
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