This topic contains a solution. Click here to go to the answer

Author Question: The table below shows output, marginal cost, and average variable cost for the production of pairs ... (Read 130 times)

kmcolvin

  • Full Member
  • ***
  • Posts: 140
The table below shows output, marginal cost, and average variable cost for the production of pairs of shoes. All costs are in dollars.

OutputMarginal
Cost
Average Variable Cost
5060140
7045115
9035 95
11030 80
13035 65
15060 60
170105 65
190180 75
210230 90
230290110

TABLE 7-6

Refer to Table 7-6. If the firm produces 130 pairs of shoes, and the fixed cost is $550, then the firm's total cost is
◦ $7000.
◦ $8000.
◦ $12 000.
◦ $9000.
◦ $10 000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kmcolvin on Oct 12, 2022

ealonif

  • Full Member
  • ***
  • Posts: 185
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




kmcolvin

  • Member
  • Posts: 140
Reply 2 on: Oct 12, 2022
Wow, this really help


lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

For a complete list of videos, visit our video library