13.(1)VariableInput(2)Total VariableCost123(3)Total FixedCost(4)Output205090(5)MarginalCost$30$100$60$100$90$100$120$1001205$150$100140(D)The dollar amounts that go in blanks (C) and (D), respectively, area) $30.00 and $34.00.b) $3.00 and $4.00.c) 6.67 and $10.00.d) $1.00 and $1.50.(A)B

Total cost is defined as the total expenditure that is incurred in production of output. Total Fixed…

Answered: The dollar amounts that go in blanks…

The dollar amounts that go in blanks (C) and (D), respectively, are a) $30.00 and $34.00. b) $3.00 and $4.00. c) 6.67 and $10.00. d) $1.00 and $1.50.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

13.
(1)
Variable
Input
(2)
Total Variable
Cost
1
2
3
(3)
Total Fixed
Cost
(4)
Output
20
50
90
(5)
Marginal
Cost
$30
$100
$60
$100
$90
$100
$120
$100
120
5
$150
$100
140
(D)
The dollar amounts that go in blanks (C) and (D), respectively, are
a) $30.00 and $34.00.
b) $3.00 and $4.00.
c) 6.67 and $10.00.
d) $1.00 and $1.50.
(A)
B

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