Q1: Economies of scale may arise from which of the following activities? Q2: TFC
ID: 1152284 • Letter: Q
Question
Q1: Economies of scale may arise from which of the following activities?
Q2: TFC is total fixed cost, TVC is total variable cost. Calculate the total cost at each unit of production. You can copy the table and paste in the answer box. hint: You need to complete the boxes for total fixed cost
Total Cost
Q3:
Total Cost
Marg. cost
from the table in the previous question, calculate the total cost and marginal cost for each unit. note that marginal cost is undefined at zero units. you can copy the table to the answer box
a) Having a larger retail space can expand sales more than proportionately.Explanation / Answer
Q1. Answer is a. having a Larger retail space can expand sales more than proportionately. Q2. Units TFC TVC Total Cost 0 100 0 100 1 100 50 150 2 100 80 180 3 100 110 210 4 100 150 250 5 100 200 300 6 100 270 370 Q3. Units TFC TVC Total Cost Marg. Cost 0 100 0 100 Undefined 1 100 50 150 50 2 100 80 180 30 3 100 110 210 30 4 100 150 250 40 5 100 200 300 50 6 100 270 370 70
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