Economics

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? __________

  1. 👍 0
  2. 👎 0
  3. 👁 114

Respond to this Question

First Name

Your Response

Similar Questions

  1. Microeconomics

    ADVANCED ANALYSIS Assume the following values for Figures 5.4a and Figures 5.4b. Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is $45 per bag. The price at a is $85 per bag. The price at c is $5 per bag.

    asked by Mary on January 19, 2013
  2. economics

    The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current industry demand and supply. a. What is the marginal revenue that

    asked by nika on November 8, 2012
  3. Economics

    Given the following diagrams: Q1 = 16 bags. Q2 = 11 bags. Q3 = 23 bags. The market equilibrium price is $53 per bag. The price at point a is $85 per bag. The price at point c is $5 per bag. The price at point d is $63 per bag. The

    asked by YUKA on March 2, 2016
  4. physics

    The drawing shows three energy levels of a laser that are involved in the lasing action. These levels are analogous to the levels in the Ne atoms of a He-Ne laser. The E2 level is a metastable level, and the E0 level is the ground

    asked by PLease HELP on April 23, 2013
  5. Managerial Economics

    Everkleen Pool Services (EPS) provides weekly swimming pool maintenance in Jeddah. Dozens of firms provide this service. The service is standardized; each company cleans the pool and maintains the proper levels of chemicals in the

    asked by Mo on September 6, 2007
  6. Managerial Economics

    Everkleen Pool Services (EPS) provides weekly swimming pool maintenance in Jeddah. Dozens of firms provide this service. The service is standardized; each company cleans the pool and maintains the proper levels of chemicals in the

    asked by Mo on September 6, 2007
  7. chemistry

    Using a periodic table, determine the number of electrons held in energy levels 1-3 of each atom. B----2 in level 1--3 in level 2--0 in level 3 C--2 in level 1--4 in level 2--0 in level 3 Mg--2 in level 1--8 in level 2--2 in level

    asked by kr on February 5, 2012
  8. Calculus

    At a certain factory, output Q is related to inputs u and v by the equation Q= 17u^2+(16u+17v)/(u+v)^2 If the current levels of input are u= 10 and v = 25, use calculus to estimate the change in input v that should be made to

    asked by Rebekah on October 8, 2013
  9. Bio

    The environment can be arranged into different levels of organization Which of the following shows a correct sequence that proceeds from a smaller level of organization to a larger level? D

    asked by Anonymous on April 21, 2016
  10. economics

    Ever Kleen Pool Services provides weekly swimming pool maintenance in Atlanta.  Dozens of firms provide this service.  The service is standardized;each company cleans the pool and maintains the proper levels of chemicals in

    asked by Anonymous on August 8, 2010

More Similar Questions