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Output and Total Cost (Refer to Table 8.5.)

stevengu246

wrote...

Posts: 475

Rep:

4 years ago

Output and Total Cost (Refer to Table 8.5.)

Output	Total Cost
0	15
1	25
2	33
3	40
4	48
5	58
6	70

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: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 330 times

12 Replies

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Replies

kiyomika

wrote...

#1

4 years ago

$15.

stevengu246 Author

wrote...

#2

4 years ago

You make an excellent tutor!

gcd99br

wrote...

#3

4 years ago

Output	Total Cost
0	15
1	25
2	33
3	40
4	48
5	58
6	70

Table 8.5

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

▸ $0.

▸ $7.

▸ $8.

▸ $40.

cuddahy99

wrote...

#4

4 years ago

$7.

joanne1718

wrote...

#5

4 years ago

Output	Total Cost
0	15
1	25
2	33
3	40
4	48
5	58
6	70

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.

beunikuel

wrote...

#6

4 years ago

$8.60.

joanne1718

wrote...

#7

4 years ago

Thanks for your help!

Yeeeee89

wrote...

#8

4 years ago

Output	Total Cost
0	15
1	25
2	33
3	40
4	48
5	58
6	70

Table 8.5

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

▸ $8.60.

▸ $43.

▸ $48.

▸ $58.

purplepanda1516

wrote...

#9

4 years ago

$43.

gcd99br

wrote...

#10

4 years ago

Output	Total Cost
0	15
1	25
2	33
3	40
4	48
5	58
6	70

Table 8.5

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

▸ first

▸ second

▸ third

▸ fourth

Kutthroat K.

wrote...

#11

4 years ago

fourth

gcd99br

wrote...

#12

4 years ago

Helps a lot... Now I'm ready for my quiz

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