Wednesday
December 17, 2014

Homework Help: Economics

Posted by John Doe on Saturday, October 8, 2011 at 12:16am.

The schedule below shows the level of output that can be produced using different levels of input. A unit of input costs $80 and the fixed costs of running your business are $50.
Input Output
0 0
1 2
2 6
3 9
4 11
5 12
1. What is your AVC of producing 11 units of output? __________
2. What is your AFC of producing 12 units? __________
3. What is the marginal cost of the 12th unit? __________
4. What is the marginal cost of your 9th unit? __________
5. At what level of output is ATC at its minimum? __________

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Calculus - At a certain factory, output Q is related to inputs u and v by the ...
economics - 4. Engineers for the Off Road Skateboard Company have determined ...
Economics - The accompanying table shows a car manufacturer’s total cost of ...
math - i need help with patterns and equations i cant find the rule it goes like...
accounting - "Harris Company manufactures and sells a single product. A ...
Algebra - I have an input / output machine I need a rule I can use for any value...
Economics - Willy's widgets, a monopoly, faces the following demand schedule (...
7 th grade math - What is the rule for this function? input 1 output 3 input 2 ...
Math - Hey, I need your help! I have an input output table that I need the ...
math - i need help! my last math question cant figure out! whats the rule for ...

Search
Members