Oceanview Construction, Inc., has the following short-run total cost schedule:
$$\begin{array} { l r r r r r r r r r r r }
Q & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
T C & 75 & 85 & 91 & 94 & 95 & 98 & 104 & 114 & 129 & 151 & 181
\end{array}$$ (i)What is the firm's average fixed cost when Q = 5?
(ii)What is the firm's average variable cost when Q = 4?
(iii)What is the firm's average total cost when Q = 10?
(iv)
What is the firm's marginal cost when Q = 8?
(v)
At what level of output does the firm begin to experience diminishing returns?

Question

Oceanview Construction, Inc., has the following short-run total cost schedule:
 $$\begin{array} { l r r r r r r r r r r r } 
Q & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
T C & 75 & 85 & 91 & 94 & 95 & 98 & 104 & 114 & 129 & 151 & 181
\end{array}$$ (i)What is the firm's average fixed cost when Q = 5?
(ii)What is the firm's average variable cost when Q = 4?
(iii)What is the firm's average total cost when Q = 10?
(iv)
What is the firm's marginal cost when Q = 8?
(v)
At what level of output does the firm begin to experience diminishing returns?

Quizplus · Accepted Answer

The Answer of Oceanview Construction, Inc., has the following short-run total cost schedule:
 $$\begin{array} { l r r r r r r r r r r r } 
Q & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
T C & 75 & 85 & 91 & 94 & 95 & 98 & 104 & 114 & 129 & 151 & 181
\end{array}$$ (i)What is the firm's average fixed cost when Q = 5?
(ii)What is the firm's average variable cost when Q = 4?
(iii)What is the firm's average total cost when Q = 10?
(iv)
What is the firm's marginal cost when Q = 8?
(v)
At what level of output does the firm begin to experience diminishing returns?

Oceanview Construction, Inc (I)What Is the Firm's Average Fixed Cost When Q =