If the ATC of 20th unit is $35, then ____. a) the AVC is rising between the 20th and 30th units b) the MC of the 30th unit is $

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter4: Economic Evaluation In Health Care
Section: Chapter Questions
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If the ATC of 20th unit is $35, then ____.

a) the AVC is rising between the 20th and 30th units
b) the MC of the 30th unit is $200
c) the TC of the 20th unit is $900
d) the TC of the 30th unit is $1,200

Table: Variable Costs for Lawns
Quantity of lawns
Variable costs
$0
10
100
20
300
30
500
40
1,100
50
1,800
Transcribed Image Text:Table: Variable Costs for Lawns Quantity of lawns Variable costs $0 10 100 20 300 30 500 40 1,100 50 1,800
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