Suppose the imaginary company of Roobek is a small, Reno-based American apparel manufacturer specializing in athleisure. The following table presents the brand’s total cost of production at several different quantities. Fill in the remaining cells of the following table. Quantity Total Cost Marginal Cost Fixed Cost Variable Cost Average Variable Cost Average Total Cost (Pairs) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars per pair) (Dollars per pair) 0 120 — — 1 210 2 270
Suppose the imaginary company of Roobek is a small, Reno-based American apparel manufacturer specializing in athleisure. The following table presents the brand’s total cost of production at several different quantities. Fill in the remaining cells of the following table. Quantity Total Cost Marginal Cost Fixed Cost Variable Cost Average Variable Cost Average Total Cost (Pairs) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars per pair) (Dollars per pair) 0 120 — — 1 210 2 270
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 7.1IP
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Question
Suppose the imaginary company of Roobek is a small, Reno-based American apparel manufacturer specializing in athleisure. The following table presents the brand’s total cost of production at several different quantities.
Fill in the remaining cells of the following table.
Quantity
|
Total Cost
|
Marginal Cost
|
Fixed Cost
|
Variable Cost
|
Average Variable Cost
|
Average Total Cost
|
---|---|---|---|---|---|---|
(Pairs)
|
(Dollars)
|
(Dollars)
|
(Dollars)
|
(Dollars)
|
(Dollars per pair)
|
(Dollars per pair)
|
0 | 120 |
|
|
— | — | |
|
||||||
1 | 210 |
|
|
|
|
|
|
||||||
2 | 270 |
|
|
|
|
|
|
||||||
3 | 315 |
|
|
|
|
|
|
||||||
4 | 380 |
|
|
|
|
|
|
||||||
5 | 475 |
|
|
|
|
|
|
||||||
6 | 630 |
|
|
|
|
|
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