What is the marginal cost and average total cost for firm

Reference no: EM13201606

Below is a table with total data for a firm in a perfectly competitive industry.

Quantity Total Cost
0 100
10 220
15 300
20 360
25 450
30 600
35 770
40 960

What is the marginal cost and average total cost for the firm at each level of output?

Reference no: EM13201606

Questions Cloud

Estimate the amount of material in a closed cylindrical : Use differentials to estimate the amount of material in a closed cylindrical can that is 70 cm high and 28 cm in diameter if the metal in the top and bottom is 0.1 cm thick, and the metal in the sides is 0.05 cm thick.

Define the relationship between celsius and fahrenheit : Temperature can be given in two ways: Celsius and Fahrenheit. Find the equations that show the relationship between Celsius and Fahrenheit

Which slope would be most attractive to you : Write a paragraph describing your interpretation when the slope is positive, zero, and negative. If you were buying a home in this particular city, which slope would be most attractive to you and why?

Find the largest possible product of such numbers : Find the largest possible product of such numbers.

What is the marginal cost and average total cost for firm : Below is a table with total data for a firm in a perfectly competitive industry. Quantity Total Cost 0 100 10 220 15 300 20 360 25 450 30 600 35 770 40 960 What is the marginal cost and average total cost for the firm at each level of output

Use the degree of confidence and sample data to construct : use the degree of confidence and sample data to construct a confidence interval population proportion p.

What is probability that all rooks are safe from one another : ght rooks are placed in distinct squares of an 8x8 chessboard, with all possible placements being equally likely. What is the probability that all rooks are safe from one another? (that there is no row or column that contains more than 1 rook)

Explain what happens to ball for an initial velocity : for what initial velocity will one of her free throws go exactly 10 feet? explain? B. what happens to ball for an initial velocity greater than the one in part a? explain?

What is the equilibrium price and quantity for the industry : The widget industry is perfectly competitive. The industry demand and supply functions for widgets are given below.Qd = 424 - 40P Qs = 40 + 8P What is the equilibrium price and quantity for the industry?

User Account

All Pages