Short-Run Costs 7.3-9 Hunter Parrott Flashcards
1
Q
ATC=
A
TC/TP
2
Q
IF TC is not available use this formula.
A
ATC= FC/TP + VC/TP
3
Q
TP=2
TC= $11,000
ATC= ?
A
$5500
4
Q
TP= 10
TC=?
ATC= $1200
A
$12,000
5
Q
TP= 30
TC= $13,000
ATC=?
A
$433
6
Q
TP= 40
TC= $14,000
ATC=?
A
$350
7
Q
TP= ? TC= $15,000 ATC= $333
A
45
8
Q
A second method for calculating ATC is to separate __ into fixed costs (FC) and variable costs (VC)
A
TC
9
Q
TP= 48 TC= $16,000 ATC= ?
A
$333
10
Q
TP= ? TC= $17,000 ATC= $347
A
49
11
Q
TP= 48 TC= ? ATC= $375
A
$ 18,000
12
Q
TP=5
TC= $365
ATC= ?
A
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