Independent University, Bangladesh ECN-201: Principles of Microeconomics Spring 2021 Final Assignment 1. Use the table below to answer the following questions: Costs Total Cost Marginal Cost Revenues...

Independent University, Bangladesh<br>ECN-201: Principles of Microeconomics<br>Spring 2021<br>Final Assignment<br>1. Use the table below to answer the following questions:<br>Costs<br>Total Cost Marginal<br>Cost<br>Revenues<br>Price ($)<br>Quantity<br>Produced<br>Marginal<br>Revenue<br>Total<br>Quantity<br>Demanded<br>Revenue<br>170<br>160<br>150<br>140<br>100<br>140<br>184<br>2<br>3<br>3<br>230<br>280<br>4<br>5<br>4<br>5<br>130<br>120<br>110<br>100<br>95<br>335<br>395<br>6<br>7<br>8<br>7<br>475<br>8<br>575<br>a. Find the average fixed cost and average variable cost for the 4

Extracted text: Independent University, Bangladesh ECN-201: Principles of Microeconomics Spring 2021 Final Assignment 1. Use the table below to answer the following questions: Costs Total Cost Marginal Cost Revenues Price ($) Quantity Produced Marginal Revenue Total Quantity Demanded Revenue 170 160 150 140 100 140 184 2 3 3 230 280 4 5 4 5 130 120 110 100 95 335 395 6 7 8 7 475 8 575 a. Find the average fixed cost and average variable cost for the 4" unit of output. b. How much does profit change if 6 units are sold instead of 5?

Jun 10, 2022

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Independent University, Bangladesh ECN-201: Principles of Microeconomics Spring 2021 Final Assignment 1. Use the table below to answer the following questions: Costs Total Cost Marginal Cost Revenues...

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