Use the information in the graph to the right to find the values for the following at an output level of 65. The marginal cost is $55 (Enter a numeric response using an integer.) The total cost is $2925 The variable cost is $2405 The fixed cost is $520 100- 55 45.. 37... 65 Quantity of output MC ATC AVC

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
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Use the information in the graph to the right to find the values
for the following at an output level of 65
The marginal cost is $55 (Enter a numeric response using
an integer.)
The total cost is $2925
The variable cost is $2405
The fixed cost is $520
XX
Cost
100-
55
45.
37
0
65
Quantity of output
MC
ATC
AVC
Transcribed Image Text:Use the information in the graph to the right to find the values for the following at an output level of 65 The marginal cost is $55 (Enter a numeric response using an integer.) The total cost is $2925 The variable cost is $2405 The fixed cost is $520 XX Cost 100- 55 45. 37 0 65 Quantity of output MC ATC AVC
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