Question

Output Average Fixed
(units) Cost (AFC) ()
Average
Variable Cost
(AVC) (3)
Average
Cost (AC)
Marginal
Cost
(MC) (5)
Total Cost
(TC) (3)
18
T
14
16
2
36
120
3
24
18.
18​

Answer 1

Answer:

Explanation:

4. [1 point) Draw the demand and supply curves for the following demand and supply schedu

What do you realize in this supply curve? In which cases could this be true (give example)

Price

Quantity Demanded

Quantity Supplied

5

50

25

10

40

25

TS

30

20

20

25

25

10

25

30