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Use the following table to perform the tasks below.
Quantity TFC TC TVC AFC ATC AVC MC0 --- --- --- ---1 502 400 200 753 7004 9505 250 2000
a. Fill in the table above. Carry the calculations to one decimal.
b. Assume this is a firm in perfect competition and the average revenue from the sale of 4 items is $100 per item sold. How many items should be produced? Why do you say this?
c. Explain why do the Average Variable Cost curve and the Average Total Cost curve become closer as the quantity increases?
The opportunity cost of Juan's time is $8 per hour. If Juan receives $2 per pound for his fish, what is the optimal number of hours he should spend fishing.
Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.
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Can you tell me illustrate what does the quote print allows you to hold another's mind in your hands by James burke
Calculate the total differential of Q. For the next three questions the answer should be a number is the other good a complementary good or a substitute good also Explain why.
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A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, what did the hospital cost approximately.
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