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sweetapple718 sweetapple718
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Exhibit 22-3



Variable Input



Fixed Input




Output

Marginal Physical Product of Variable Input

Total

Fixed Cost

Total

Variable Cost



Marginal Cost

(units)

(units)

(units)

(units)

(dollars)

(dollars)

(dollars)

0

1

0

 

$500

  $0

 

1

1

10

(A)

$500

$200

(F)

2

1

25

(B)

$500

$400

(G)

3

1

45

(C)

$500

$600

(H)

4

1

60

(D)

$500

$800

(I)

5

1

70

(E)

$500

$1000

(J)


Refer to Exhibit 22-3. The average fixed cost of producing 10 units of output is



▸

$50.00.



▸

$10.00.



▸

$2.50.



▸

$1.00.



▸

$500.00.

Textbook 
Economics

Economics


Edition: 12th
Author:
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sweetapple718 Author
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this is exactly what I needed
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This helped my grade so much Perfect
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Brilliant ツ
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