QUESTION 18 Use the data in the following table to answer the question. Output Total cost (Units) 0 1 2 3 3 4 (R) 100 11
Posted: Thu May 19, 2022 8:00 am
- Question 18 Use The Data In The Following Table To Answer The Question Output Total Cost Units 0 1 2 3 3 4 R 100 11 1 (54.47 KiB) Viewed 79 times
QUESTION 18 Use the data in the following table to answer the question. Output Total cost (Units) 0 1 2 3 3 4 (R) 100 110 130 166 220 300 5 The marginal cost of the second unit is QUESTION 19 Use the data in the following table to answer the question. Output Total cost (Units) 0 1 2 (R) 100 110 130 166 220 300 3 4 4 5 The average total cost of the fifth unit is QUESTION 20 Fill in the missing values for a, band Units of labour Total product Average product Marginal product (TP) (AP) N 1 (MP) 8 2 18 a. Answer 8 3 b. Answer 4 4 C. Answer QUESTION 21 The following table shows some of the cost information of a firm. Fill in the missing values for a, b and c. Average Units produced Total fixed Total variable (Q (Q) cost (R) cost (R) variable cost Marginal cost Total cost (R) Average cost Average fixed (R) R cost (R) ) 48 (R) (R) 0 1 1 48 32 a. Answer 2 100 b. Answer 3 3 216 104 4 5 5 88 c. Answer 6 624 112