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日期:2024-03-30 03:11

ECON 102 Principles of Macroeconomics

WP: ECON 101- Winer II 2023-24

Date of exam: 2023-24, Sunday March 19

Duration: 0 minutes and Out of: 10

Answer all the multiple choice questions; choose the best option

Question 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 pt

A soft drink manufacturer that uses just labor (variable) and capital (fixed) paid a consulting firm thousands of dollars to calculate short-run costs at various output levels. The consulting firm did a messy unfinished job and produced the following table. The firm hired you to come up with the following questions based on the unfinished table given below. Find out if your ECON 101 knowledge was adequate to prepare for this job. (Only write down the numbers; you do not need to show your work)

(a) (2 points) What is the AVC to produce 40,000 units of outputs per day?

(b) (2 points) Find the TVC to produce 40,000 units of output per day.

(c) (2 points) Find the TVC to produce 60,000 units of output.

(d) (2 points) What is the MC of producing 80,000.00 units of output per day?

(e) (2 points) Find the AVC for producing 80,000 units of output per day.






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