Question: How was this calculated from the given information? Please explain step by step. Question: Suppose the total cost of producing T-shirts can be represented as

How was this calculated from the given information? Please explain step by step.

Question:

Suppose the total cost of producing T-shirts can be represented as TC = 50 + 2Q. The average total cost of the 5th Tshirt is?

Select one:

a. 12 - correct

b. 25

c. 60 - incorrect

d. 75

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 Economics Questions!

Q:

please follow the number and choose one Question 40 2.5 points Save Ans Assume that Australia and New Zealand can switch between producing coal and producing milk at a constant rate. The following...

Q:

I am so lost with all of this and the worst part it is due in an hour and a half. I don't know what to do please help. In this course you will have the opportunity to apply the concepts learned to a...

Q:

STAT 200: Introduction to Statistics Final Examination, Spring 2016 OL4 Page 1 of 7 STAT 200 OL4/US2 Sections Final Exam Spring 2016 The final exam will be posted at 12:01 am on May 6, and it is due...

Q:

Please help as well on these I'm quite confused! Question 1: A monopoly's short run total cost function is given by TC = FC + 2Q2. Its market demand is P = 360 - 2Q. A) Please derive the monopoly's...

Q:

Can you help me? Thank you! 2 1/ 1 point Using the information in the chart, plot the three average total cost curves in the same diagram. Determine the long run average total cost curve and show it...

Q:

Wat you want to do Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing ACCTG 331, Intermediate Accounting I...

Q:

please explain step by step on obtaining the answer commercial (business customers. For example, a omer will sell stock and request that cash funds be to another institution such as a mutual fund,...

Q:

STAT 200: Introduction to Statistics Final Examination Spring 2017 OL /US2 Page 1 of 6 STAT 200 OL4/US2 Sections Final Exam 201 The final exam will be posted at 12:01 am on Ma , 2 7 and it is due at...

Q:

STAT 200: Introduction to Statistics Final Examination, Spring 2016 OL4 Page 1 of 7 STAT 200 OL4/US2 Sections Final Exam Spring 2016 The final exam will be posted at 12:01 am on May 6, and it is due...

Q:

STAT 200: Introduction to Statistics Final Examination, Summer 2017 OL1/US1 Page 1 of 8 STAT 200 OL1 / US1 Sections Final Exam Summer 2017 The final exam will be posted at 12:01 am on July 14, and it...

Q:

The fundamental hypothesis test in the American judicial system involves the following hypotheses: H0 : The accused is innocent. Ha: The accused is guilty. a. Describe what a Type I error would be...

Q:

Is the U.S. economy competitive? Is it becoming more competitive or less competitive?

Q:

15.49 Exercise 4.63 gave data on ear piercings and tattoos for a sample of 1375 college women. The data are presented again in the following table. The piercings response is the total number of ear...

Q:

please use solver in excel Exxo 76 is an oil company that operates the pipeline network shown below, where each pipeline is labeled with its maximum flow rate in million cubic feet (MMcf) per day. A...

Q:

6. What information processes operate in communication situations?

Q:

3. How can we use information and communication to generate trust?

Q:

4. How can we use information and communication to influence other people?