× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
stevengu246 stevengu246
wrote...
Posts: 475
Rep: 10 0
4 years ago
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.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
Read 325 times
12 Replies

Related Topics

Replies
wrote...
#1
4 years ago
$15.
stevengu246 Author
wrote...
#2
4 years ago
You make an excellent tutor!
wrote...
#3
4 years ago
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.
wrote...
#4
4 years ago
$7.
wrote...
#5
4 years ago
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.
wrote...
#6
4 years ago
$8.60.
wrote...
#7
4 years ago
Thanks for your help!
wrote...
#8
4 years ago
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.
wrote...
#9
4 years ago
$43.
wrote...
#10
4 years ago
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
wrote...
#11
4 years ago
fourth
wrote...
#12
4 years ago
Helps a lot... Now I'm ready for my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1440 People Browsing
 116 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 5394
  
 262
  
 309
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?