(answered) – 1) Based on your knowledge of the definition of the various
(answered) – 1) Based on your knowledge of the definition of the variousDescriptionSolution downloadThe Question1)???????? Based on your knowledge of the definition of the various measures of short-run cost, complete this table.QTCTFCTVCACAFCAVCMC0120[A][B]—-1[C][D][E]265[F][G][H]2)???????? Consider the following cost equation: Total Cost (TC) = 160Q -10Q2 + 1.2Q3.? What is Total Cost when the Quantity is 20??3)???????? Which of the following represents the equation for the Average Cost (AC)?AC = 160 ? 10Q + 1.2Q2AC = 160Q ? 10Q + 1.2QAC = 80Q ? 5Q2 + 0.6Q3AC = 53.3Q ? 3.3Q2 + 0.4Q34)???????? What is the Marginal Cost of producing the 21st unit? (Hint: Begin by calculating TC at 20 and at 21.) Round your answer to the nearest whole number.
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