BA201 Costs and Firms in Perfectly Competitive Markets Assignment.

BA201 Costs and Firms in Perfectly Competitive Markets Assignment.

Total Cost

 

Fill in the table. Assume TC stands for Total Cost, TFC as Total Fixed Cost, TVC as Total Variable Cost, ATC as Average Total Cost, AFC as Average Fixed Cost, AVC as Average Variable Cost, and MC as Marginal Cost. Then write a paragraph about which level of output would be considered the minimum LRATC. BA201 Costs and Firms in Perfectly Competitive Markets Assignment.

Units of Output TC TFC TVC ATC AFC AVC MC
0 20
1 1
2 3
3 4
4 12
5 75
6 16
7 24
8 86
9 360

BA201 Costs and Firms in Perfectly Competitive Markets Assignment.

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Grading Criteria Assignments Maximum Points
Meets or exceeds established assignment criteria 40
Demonstrates an understanding of lesson concepts 20
Clearly presents well-reasoned ideas and concepts 30
Uses proper mechanics, punctuation, sentence structure, and spelling 10
Total

BA201 Costs and Firms in Perfectly Competitive Markets Assignment.

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