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  • The Accompanying Table Shows A Car Manufacturer S Total Cost of

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    trilocksp Singh
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    The document contains a table showing the total cost (TC) of producing different quantities of cars for a car manufacturer. The TC starts at $500,000 for 0 cars, and increases incrementally as the quantity of cars increases from 1 to 10. The document asks the reader to analyze the table to determine the manufacturer's fixed cost, variable cost, average variable cost, average total cost, average fixed cost, and marginal cost for each quantity. It also asks the reader to draw AVC, ATC and MC curves based on the analysis.

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    The document contains a table showing the total cost (TC) of producing different quantities of cars for a car manufacturer. The TC starts at $500,000 for 0 cars, and increases incrementally as the quantity of cars increases from 1 to 10. The document asks the reader to analyze the table to determine the manufacturer's fixed cost, variable cost, average variable cost, average total cost, average fixed cost, and marginal cost for each quantity. It also asks the reader to draw AVC, ATC and MC curves based on the analysis.

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    40 views2 pages

    The Accompanying Table Shows A Car Manufacturer S Total Cost of

    Uploaded by

    trilocksp Singh
    The document contains a table showing the total cost (TC) of producing different quantities of cars for a car manufacturer. The TC starts at $500,000 for 0 cars, and increases incrementally as the quantity of cars increases from 1 to 10. The document asks the reader to analyze the table to determine the manufacturer's fixed cost, variable cost, average variable cost, average total cost, average fixed cost, and marginal cost for each quantity. It also asks the reader to draw AVC, ATC and MC curves based on the analysis.

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    © All Rights Reserved
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    Solved: The accompanying table shows a car manufacturer

    s total cost of
    The accompanying table shows a car manufacturer s total cost of

    The accompanying table shows a car manufacturer’s total cost of producing cars.

    Quantity of cars TC

    0……………………………. $500,000

    1……………………………. 540,000

    2……………………………. 560,000

    3……………………………. 570,000

    4……………………………. 590,000

    5……………………………. 620,000

    6……………………………. 660,000

    7……………………………. 720,000

    8……………………………. 800,000

    9……………………………. 920,000

    10……………………………. 1,100,000

    a. What is this manufacturer's fixed cost?

    b. For each level of output, calculate the variable cost (VC). For each level of output except zero
    output, calculate the average variable cost (AVC), average total cost (ATC), and average fixed
    cost (AFC). What is the minimum-cost output?

    c. For each level of output, calculate this manufacturer's marginal cost (MC).

    d. On one diagram, draw the manufacturer's AVC, ATC, and MC curves.

    Reach out to freelance2040@yahoo.com for enquiry.


    The accompanying table shows a car manufacturer s total cost of

    ANSWER
    https://solvedquest.com/the-accompanying-table-shows-a-car-manufacturer-s-total-cost-of/

    Reach out to freelance2040@yahoo.com for enquiry.


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