question archive Question 11 (1 point) If the total cost of production for 900 widgets is $5 900 and marginal cost is constant at $2,0, what is the average cost if 3 500 widgets are produced?
Question 11 (1 point) If the total cost of production for 900 widgets is $5 900 and marginal cost is constant at $2,0, what is the average cost if 3 500 widgets are produced?
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Question 11 (1 point) If the total cost of production for 900 widgets is $5 900 and marginal cost is constant at
$2,0, what is the average cost if 3 500 widgets are produced?
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Check the answer below.
Step-by-step explanation
MC = ATC A Q. Q = 900 Q = 3500 MC =2 TC = 5900 2 = 2 - 5900 3500 - 900 x (762 ) = 11,100
AC = TC = 11,100 Q 3500 = 3.14
Please see attached file
