Tаble 1.1 Tоtаl Output (Q) Tоtаl Cоst (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the third unit of output is $___
Tаble 1.1 Tоtаl Output (Q) Tоtаl Cоst (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Average total cost (ATC) at 6 units of output is $___ .(Round up your answer to 2 decimal places)
Tаble 1.2 Tоtаl Output (Q) Tоtаl Cоst(TC) 10 20 30 40 50 60 70 2,000 2,900 3,700 4,400 5,000 6,200 6,000 Refer to Table 1.2. Average total cost (ATC) at 30 units of output is $___ (Answer MUST have 2 decimal places)