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Title: Output and Total Cost (Refer to Table 8.5.)
Post by: stevengu246 on Jul 22, 2019
Output  Total Cost
015
125
233
340
448
558
670

Table 8.5


Refer to Table 8.5. The total fixed cost of producing two units is:

▸ $0.

▸ $8.

▸ $11.

▸ $15.


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: kiyomika on Jul 22, 2019
$15.


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: stevengu246 on Jul 22, 2019
You make an excellent tutor!


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: gcd99br on Jul 22, 2019
Output  Total Cost
015
125
233
340
448
558
670

Table 8.5


Refer to Table 8.5. The marginal cost of the third unit of output is:

▸ $0.

▸ $7.

▸ $8.

▸ $40.


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: cuddahy99 on Jul 22, 2019
$7.


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: joanne1718 on Jul 22, 2019
Output  Total Cost
015
125
233
340
448
558
670

Table 8.5


Refer to Table 8.5. The average variable cost of producing five units of output is:

▸ $0.

▸ $8.60.

▸ $10.

▸ $11.60.


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: beunikuel on Jul 22, 2019
$8.60.


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: joanne1718 on Jul 22, 2019
Thanks for your help!


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: Yeeeee89 on Jul 22, 2019
Output  Total Cost
015
125
233
340
448
558
670

Table 8.5


Refer to Table 8.5. The total variable cost of producing five units of output is:

▸ $8.60.

▸ $43.

▸ $48.

▸ $58.


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: purplepanda1516 on Jul 22, 2019
$43.


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: gcd99br on Jul 22, 2019
Output  Total Cost
015
125
233
340
448
558
670

Table 8.5


Refer to Table 8.5. The firm experiences diminishing returns beginning with the ________ unit.

▸ first

▸ second

▸ third

▸ fourth


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: Kutthroat Kane on Jul 22, 2019
fourth


Title: Output and Total Cost (Refer to Table 8.5.)
Post by: gcd99br on Jul 22, 2019
Helps a lot... Now I'm ready for my quiz