Question

In: Economics

Cell (A) stands for the total cost of 5 units. Its value should be ____.

Use the values in the table below to answer the following questions.

Q

TC

ATC

MC

2




5

-( A)-



6

-( B)-

-( C)-


19




20

-( E)-

-( D)-



Cell (A) stands for the total cost of 5 units. Its value should be ____.


A.

B.

C.

D.

Solutions

Expert Solution

As we can see different quantities are available in the market . And we are provided with the different Cost information .

So in Column 1 we can see that Total cost column is given to us .

So 5 units of output will have Total cost of "A" ( i.e corresponding to value of 5 units ) Hence it's value should be "A".

Hence (A) part is a correct answer

Rahul Sunny answered 2 years ago
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