Q TFC TVC TC AVC MC 0 ____ ____ 10 ____

Q                    TFC                TVC               TC                  AVC              MC

0                     ____               ____               10                   ____              __0_

1                     ____               ____               16                   ____              __6_

2                     ____               ____               ____               ____                 4

3                     ____                12                 ____               __4__            ____

1)    What are total fixed costs?

2)     What is the marginal cost of the first unit of output?

3)     What is the total cost of 2 units of output?

4)     What is the total variable cost of 2 units of output?

What is the marginal cost of the third unit of output?

Need your ASSIGNMENT done? Use our paper writing service to score good grades and meet your deadlines.


Order a Similar Paper Order a Different Paper