Draw the demand curve and show the values of the price and, Ask an Expert

Economics

Draw the demand curve and show the values of the price and quantity intercepts using the linear equation for Qx=28,000,000-Px divided by 1000.

Smith Co. has average fixed costs of $172.50 when it is making two units. It has marginal costs of $15 for the first unit, $15 for the second unit and $10 for the third unit. What is its average total cost for three units?

(a)$40
(b)$195
(c)$212.50
(d)$130

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9278185

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