Econ homework
smiley638Exercise 4
Chapter 11: Output and Costs
1. Bill’s Bakery has a fire and Bill loses some of his cost data. The bits of paper that he recovers after the fire provide the information in the following table (all the cost numbers are dollars).
TP | AFC | AVC | ATC | MC |
10 | 120 | 100 | 220 | 80 |
20 | A | B | 150 | 90 |
30 | 40 | 90 | 130 | 130 |
40 | 30 | C | D | E |
50 | 24 | 108 | 132 |
Bill asks you to come to his rescue and provide the missing data in the five spaces identified as A, B, C, D, and E.
2. What is the lowest price at which a firm produces an output? Explain why.
- 10 years ago
- 15
Answer(1)
Purchase the answer to view it
NOT RATED
- econ.docx
Bids(1)
other Questions(10)
- help with biology hw
- who is our president
- what is 7+34
- smalest to largest 2.07,5.2,6.22,12.34,12.03,16.07,16.7,12.04
- write an algebraic expression for each verbal expression p plus the quotient of 9 and 5
- When Thomas Paine writes about reconciliation, he is referring to
- Describe some technical development that might promote a more successful performance of social media during future times of crisis: great east...
- Project Outline
- (3x*x^3)^-2
- each question must be 500 words and cite from book. let each question be its own document.