Figure 11-9 -Refer to Figure 11-9 Above to Solve the Following Problems

question 143

Essay

Figure 11-9

-Refer to Figure 11-9 above to solve the following problems.
a.Calculate the fixed cost of production.
b.Calculate the average total cost of production when the firm produces 20 units of output.
c.Calculate the average variable cost of production when the firm produces 20 units of output.
d.Calculate the average fixed cost of production when the firm produces 20 units of output.
e.Calculate the average fixed cost of production when the firm produces 15 units of output.
f.If the firm increases output from 15 to 20 units, what is the marginal cost of output?

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Definitions:

Formal Structure

The officially designated arrangement of roles, responsibilities, and relationships within an organization.

Authority

The officially sanctioned power or right to make decisions, direct others, and enforce obedience within a specific context or organization.

Patterns of Communication

Patterns of communication are the typical pathways and methods through which information is shared among members within an organization or social group.

Shadow Organisation

Informal networks within an organization that operate alongside the formal structure, often influencing decision-making processes.