The variation of the total production cost with the production rate for a process is defined as follows. ALL = 2 000 000 + 4q + 2.5 q1.1 (ECU / year) q[=] kg / year a) Plot the change of total production cost according to the production speed. b) Find the annual fixed and variable costs for the case where the production rate is 2 000 000 kg / year. c) Find the average and interface costs for the same production capacity.

The variation of the total production cost with the production rate for a process is defined as follows. ALL = 2 000 000 + 4q + 2.5 q1.1 (ECU / year) q[=] kg / year a) Plot the change of total production cost according to the production speed. b) Find the annual fixed and variable costs for the case where the production rate is 2 000 000 kg / year. c) Find the average and interface costs for the same production capacity.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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