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justus:

can someone help me with these questions, thank you

justus:

justus:

a. average total cost, marginal cost, and average variable cost b. average fixed cost, average total cost, and average variable cost c. marginal cost, average total cost, and average variable cost d. marginal product, average product, and total product e. marginal cost, average product, average total cost

justus:

justus:

when output is 10, a. average total cost equals $8 b. total cost equals $80 c. marginal cost equals $10 d. total fixed cost equals $1 e. a and b above

justus:

1.c 2.b

justus:

not b I meant d

justjm:

1. Are the options in order of H, J, and K then you are correct, H is Marginal cost because you can see it intersects the AVC (supposedly the lowest curve K), J is the ATC bc you can see the economies of scale at the early bit, and then K is AVC 2. Seems like A is MC, B is AVC, and C is ATC I wouldn't say D because TFC are fixed costs, and graphically they have straight lines |dw:1583620915184:dw| I was rather thinking option A, because line C looks like an ATC curve.

justus:

Thank you so much!!!!!!!!!!! <3 <3 I see

justus:

I put A for the second one but it was wrong

justus:

hmm maybe it was c

justjm:

Oh shoot hm I wonder why

justus:

its okay haha

justjm:

ooh |dw:1583622093842:dw| possibly it was B, TC= ATC*Q, so 8*10 = 80 haha you were right earlier

justus:

gotchu my luv <3

justjm:

haha sorry I got you wrong <3

justjm:

OOOOOH

justjm:

IT'S E LMAO A AND B WERE RIGHT and i was like ????? why is A not the answer

justjm:

Damnit hahahahahah

justus:

HAHAHHAHA nooo donttt be sorryy!!!!!!

justjm:

then I take one last look and see 'a and b are correct' big necker hahahahahahaha

justus:

XDDDD

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