A firm has the following average total cost curves: Quantity ATC11 ATC22 ATC33 ATC44 1 100 150 50 200 2 80 130 45 170 3 60 110 40 140 4 50 90 45 110 5 55 70 60 90 6 85 60 80 70 7 120 75 100 65 In the long run what is the average total cost when five goods are produced? $
A firm has the following average total cost curves: Quantity ATC11 ATC22 ATC33 ATC44 1 100 150 50 200 2 80 130 45 170 3 60 110 40 140 4 50 90 45 110 5 55 70 60 90 6 85 60 80 70 7 120 75 100 65 In the long run what is the average total cost when five goods are produced? $
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 6SQP
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Question
A firm has the following
Quantity | ATC11 | ATC22 | ATC33 | ATC44 |
---|---|---|---|---|
1 | 100 | 150 | 50 | 200 |
2 | 80 | 130 | 45 | 170 |
3 | 60 | 110 | 40 | 140 |
4 | 50 | 90 | 45 | 110 |
5 | 55 | 70 | 60 | 90 |
6 | 85 | 60 | 80 | 70 |
7 | 120 | 75 | 100 | 65 |
In the long run what is the average total cost when five goods are produced?
$
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ISBN:
9781337617383
Author:
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Publisher:
Cengage Learning