Refer to the shown here. The marginal cost of the sixth unit of output is: $1.33
ID: 1153520 • Letter: R
Question
Refer to the shown here. The marginal cost of the sixth unit of output is:
$1.33.
$7.50.
$8.00.
$45.00.
Output (Q): 0 1 2 3 4 5 6
Total Cost (TC): $24 $33 $41 $48 $54 $61 $69
Refer to the table shown here. Diminishing marginal returns starts to occur between units:
2 and 3.
3 and 4.
4 and 5.
5 and 6.
Total Product (Q): 0 1 2 3 4 5 6
Total Cost (TC): $50 $80 $105 $125 $155 $195 $250
Refer to the table shown here. The average variable cost of producing three units of output is:
$15.
$25.
$41.67 (approximate).
$75.
Total Product (Q): 0 1 2 3 4 5 6
Total Cost (TC): $50 $80 $105 $125 $155 $195 $250
Refer to the table shown here. The marginal cost of producing the sixth unit of output is:
$33.33 (approximate).
$55.
$200.
$250.
Explanation / Answer
Q2. Answer is 4 and 5. Explanation: Output TC MC 0 24 - 1 33 9 2 41 8 3 48 7 4 54 6 5 61 7 6 69 8 Hence, MC start rising at 5th unit so, diminishing returns applies from 4 and 5 units Q3. Answer is $ 25. Explanation: Output TC FC VC AVC 0 50 50 0 0 1 80 50 30 30 2 105 50 55 27.5 3 125 50 75 25 4 155 50 105 26.25 5 195 50 145 29 6 250 50 200 33.33 Q4. Answer is $55. Explanation: Output TC MC 0 50 0 1 80 30 2 105 25 3 125 20 4 155 30 5 195 40 6 250 55
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.