Behind the Supply Curve

Jun 17th, 2015
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2. For each level of output, calculate the variable cost (VC). For each level of output except zero output, calculate the average variable cost (AVC), average total cost (ATC), and average fixed cost.

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Unit 6 Assignment: Behind the Supply Curve: Inputs and CostsName: -Course Number:-Section Number:-Unit Number:- 8Date:-The accompanying table shows a boat manufacturers total cost of producing boats.Quantity of BoatsTotal Cost0 $ 450,000 1 $ 490,000 2 $ 510,000 3 $ 520,000 4 $ 540,000 5 $ 570,000 6 $ 610,000 7 $ 670,000 8 $ 750,000 9 $ 870,000 1. What is this manufacturers fixed cost? Manufacturers fixed cost is $ 450,000.2. For each level of output, calculate the

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