Top Posters
Since Sunday
s
3
3
d
3
s
2
c
2
G
2
y
2
t
2
2
k
2
j
2
e
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
insherro insherro
wrote...
Go to Answer
Posts: 671
Rep: 5 0
7 years ago
Use the following table to answer questions a-c.

Output (Q):      0   1   2   3   4     5      6
Total Cost (TC):      $36   $45   $52   $61   $74   $91   $110

a. What is the average fixed cost of producing 4 units of output?
b. What is the marginal cost of producing the third unit of output?
c. At what level of output does the firm encounter diminishing marginal returns? How do you know?
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 94 times
1 Reply
University of Ottawa - Economics for Managers
Replies
Answer verified by a subject expert
andyborziandyborzi
wrote...
#1
Posts: 449
Rep: 13 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

insherro Author
wrote...

7 years ago
You make an excellent tutor!
avance37
wrote...

Yesterday
This site is awesome
byehoe
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1103 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 347
  
 4468
  
 178
Your Opinion
Previous poll results: How often do you eat-out per week?