# Answer the following: a. If TVC = $80 and AVC = 4, then what does quantity ( Q ) equal? b. If total cost is$40 when Q = 2 and total cost is $45 when Q = 3, then what does marginal cost equal? c. What does average fixed cost equal at Q = 2 if total variable cost is$15 at Q = 2? d. Why does the AFC curve get continually closer to the horizontal axis in Exhibit 6(c) as quantity of output increases?

### Microeconomics

13th Edition
Roger A. Arnold
Publisher: Cengage Learning
ISBN: 9781337617406

### Microeconomics

13th Edition
Roger A. Arnold
Publisher: Cengage Learning
ISBN: 9781337617406

#### Solutions

Chapter
Section
Chapter 8, Problem 9WNG
Textbook Problem

## Expert Solution

### Want to see the full answer?

Check out a sample textbook solution.See solution

### Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

See Solution

*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.