The Trouser Company has fixed costs of 2,000 per week. In addition, we have some information about its marginal costs (MC) and total variable costs (TVC)Output0306090100120150MC14059325980140275TVC02850408053106000816014,250Sketch a diagram showing the marginal cost curve, the average variable cost curve, and the firm’s short run supply curve.

Marginal cost is the change in the total cost when an additional unit of output is produced. Average…

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Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter7: Economies Of Scale And Scope

Section: Chapter Questions

Problem 5MC

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The Trouser Company has fixed costs of 2,000 per week. In addition, we have some information about its marginal costs (MC) and total variable costs (TVC)

Output	0	30	60	90	100	120	150
MC	140	59	32	59	80	140	275
TVC	0	2850	4080	5310	6000	8160	14,250

Sketch a diagram showing the marginal cost curve, the average variable cost curve, and the firm’s short run supply curve.

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