The table below shows data for Big Bob's Brewing Company. The quantities are for large vats...
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The table below shows data for Big Bob's Brewing Company. The quantities are for large vats of beer. ; a) Fill in the blanks in the table. Round your answers to nearest whole number. Output 0 1 2 3 4 5 6 7 8 TFC $ 190 190 190 190 190 190 190 190 190 $ TVC 0 94 108 132 178 284 432 594 768 $ TC d) What is the output at economic capacity? units 190 284 298 3221 368 474 622 784 958 b) At what level of output is average product at a maximum? units c) What is the value of average total cost at this output level? $ MC / $94 54 44 74 94 120 150 184 $ AFC / $ e) If fixed costs were to double, what would be the marginal cost of the sixth unit of output? AVC / $ ATC The table below shows data for Big Bob's Brewing Company. The quantities are for large vats of beer. ; a) Fill in the blanks in the table. Round your answers to nearest whole number. Output 0 1 2 3 4 5 6 7 8 TFC $ 190 190 190 190 190 190 190 190 190 $ TVC 0 94 108 132 178 284 432 594 768 $ TC d) What is the output at economic capacity? units 190 284 298 3221 368 474 622 784 958 b) At what level of output is average product at a maximum? units c) What is the value of average total cost at this output level? $ MC / $94 54 44 74 94 120 150 184 $ AFC / $ e) If fixed costs were to double, what would be the marginal cost of the sixth unit of output? AVC / $ ATC
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Related Book For
Fundamentals of Ethics for Scientists and Engineers
ISBN: 978-0195134889
1st Edition
Authors: Edmund G. Seebauer, Robert L. Barry
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