Question: 4- Complete the following table Output (pies) Total fixed cost Total variable cost (dollars) Total cost (dollars) Average total cost Average fixed cost 0 0

4- Complete the following table

Output

(pies)

Total fixed

cost

Total variable cost

(dollars)

Total cost (dollars) Average total cost

Average fixed

cost

0 0 300
100 400
200 1,000
300 1,800
400 2,800

5- Use the following table

Quantity (units)

Price

(dollars per unit)

Total revenue (dollars) TC
9 10 90 72
10 10 100 100
11 10 110 121

1- Based on the table above, what is the marginal revenue of the tenth unit of output?

A) $190

B) $100

C) $10

D) $9

2- What is the rational level of output to produce and why?

3- Do you have a breakeven point and why?

4- Do you have a shutdown point and why?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!