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28 Sep 2019
11.10 The table shows output and cost data. Calculate the average total cost, average fixed cost, average variable cost, and marginal cost schedules. If the market price were $500, should the firm shut down in the short run? In the long run?
Quantity 0 5 10 15 20 25 30 35 Total Cost $20,000 $20,500 $20,975 $21,425 $21,850 $22,300 $22,775 $23,275
11.10 The table shows output and cost data. Calculate the average total cost, average fixed cost, average variable cost, and marginal cost schedules. If the market price were $500, should the firm shut down in the short run? In the long run?
Quantity | 0 | 5 | 10 | 15 | 20 | 25 | 30 | 35 |
Total Cost | $20,000 | $20,500 | $20,975 | $21,425 | $21,850 | $22,300 | $22,775 | $23,275 |
17 Feb 2022
Paramjeet ChawlaLv8
28 Sep 2019
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