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Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table. Locations            A               B                C              D Fixed Costs     60,000    80,000   100,000   130,000 Variable Costs/unit          30              20             15          10 a. ii. Draw the total costs lines for each location on the same axes. (Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis

Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table. Locations            A               B                C              D Fixed Costs     60,000    80,000   100,000   130,000 Variable Costs/unit          30              20             15          10 a. ii. Draw the total costs lines for each location on the same axes. (Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 7PA
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QUESTION 2
1. Mr. Jack is in the process of expanding his manufacturing business. He decided to open
a plant in the coming year. He has four locations in mind. The costs information for
these locations is in the following table.
Locations            A               B                C              D
Fixed Costs     60,000    80,000   100,000   130,000
Variable
Costs/unit          30              20             15          10

a.
ii. Draw the total costs lines for each location on the same axes. (Use output ranges
of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis

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