question archive Question 3 (a) Hard-Drive Corporation faces costs of production as follows: Quantity 0 Total Fixed Costs ($) Total Variable Costs ($) 100 0 1 100 50 2 100 70 3 100 90 4 100 140 5 100 200 6 100 360 (0) Calculate the corporation's average fixed costs, average variable costs, average total costs, and marginal costs at each level of production
Question 3 (a) Hard-Drive Corporation faces costs of production as follows: Quantity 0 Total Fixed Costs ($) Total Variable Costs ($) 100 0 1 100 50 2 100 70 3 100 90 4 100 140 5 100 200 6 100 360 (0) Calculate the corporation's average fixed costs, average variable costs, average total costs, and marginal costs at each level of production
Subject:EconomicsPrice: Bought3
Question 3 (a) Hard-Drive Corporation faces costs of production as follows: Quantity 0 Total Fixed Costs ($) Total Variable Costs ($) 100 0 1 100 50 2 100 70 3 100 90 4 100 140 5 100 200 6 100 360 (0) Calculate the corporation's average fixed costs, average variable costs, average total costs, and marginal costs at each level of production. (ii) The price of a hard drive is $50. See that the owner cannot make a profit, the owner decides to shut down operations. What is the firm's profit/loss? Was this a wise decision?
