Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 13, Problem 7QE
To determine
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Use the following table and use your previous calculations:
find the quantity where ATC is at a minimum and find the quantity that is the most efficient operating point for the firm.
Total Output
Total Cost
TFC
TVC
AFC
AVC
ATC
MC
0
$20
10
$40
20
$60
30
$90
40
$120
50
$180
60
$280
a.
MC = ATC between 30 and 40 Quantity
ATC at minimum between 20 and 40 Quantity
b.
MC = ATC at 30 Quantity
ATC at minimum between 20 and 40 Quantity
c.
MC = ATC at 40 Quantity
ATC at minimum between 20 and 40 Quantity
d.
MC = ATC between 30 and 40 Quantity
ATC at minimum between30 and 40 Quantity
e.
MC = ATC between 20 and 40 Quantity
ATC at minimum between 20 and 40 Quantity
I’m not understanding how to finish these graphs
What will be the firms total profit?
Chapter 13 Solutions
Microeconomics
Ch. 13.1 - Prob. 1QCh. 13.1 - Prob. 2QCh. 13.1 - Prob. 3QCh. 13.1 - Prob. 4QCh. 13.1 - Prob. 5QCh. 13.1 - Prob. 6QCh. 13.1 - Prob. 7QCh. 13.1 - Prob. 8QCh. 13.1 - Prob. 9QCh. 13.1 - Prob. 10Q
Ch. 13 - Prob. 1QECh. 13 - Prob. 2QECh. 13 - Prob. 3QECh. 13 - Prob. 4QECh. 13 - Prob. 5QECh. 13 - Prob. 6QECh. 13 - Prob. 7QECh. 13 - Prob. 8QECh. 13 - Prob. 9QECh. 13 - Prob. 10QECh. 13 - Prob. 11QECh. 13 - Prob. 12QECh. 13 - Prob. 13QECh. 13 - Prob. 14QECh. 13 - Prob. 15QECh. 13 - Prob. 16QECh. 13 - Prob. 17QECh. 13 - Prob. 18QECh. 13 - Prob. 19QECh. 13 - Prob. 20QECh. 13 - Prob. 1QAPCh. 13 - Prob. 2QAPCh. 13 - Prob. 3QAPCh. 13 - Prob. 4QAPCh. 13 - Prob. 5QAPCh. 13 - Prob. 1IPCh. 13 - Prob. 2IPCh. 13 - Prob. 3IPCh. 13 - Prob. 4IPCh. 13 - Prob. 5IP
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