| Question |
(a) Total fixed costs equal.â?¨ (b) When the rate of output is equal to 1, AVC is equal to.â?¨ (c) When the rate of output is equal to 2, MC is equal to.â?¨ (d) Average variable costs are minimized at a rate of output of.â?¨ (e) When the rate of output is 7, total costs are equal to.â?¨ (f) At a rate of output of, total variable costs are equal to 135.â?¨ (g) At a rate of output of marginal costs (MC) are equal to 14.â?¨ (h) Average total costs are minimized at a rate of output of. Use only integers (whole numbers) without decimal points or other symbols for your answers. Round to the nearest integer ifnecessary. |
