Answer :
To address the given question, we need to interpret the table that provides the cost and output data of a hypothetical firm. Additionally, the market price is given as [tex]$20,000 per unit.
Let's summarize the content of the table as follows:
- Outputs (units): 0, 1, 2, 3, 4, 5, 6
- Total costs: "aH +2", "GH 2.4", "CH4 3", "GH 3.8", "GH 6.4", "OHCB", "x"
The detailed analysis of the table demonstrates the relationship between the output units and the respective costs. The output of a firm is essential for determining revenues, costs, and profitability, among other key economic indicators.
Given:
\[ \text{Market Price per unit} = \$[/tex]20,000 \]
Output and Total Cost Data:
| Output (units) | Cost |
|----------------|----------------|
| 0 | aH +2 |
| 1 | GH 2.4 |
| 2 | CH4 3 |
| 3 | GH 3.8 |
| 4 | GH 6.4 |
| 5 | OHCB |
| 6 | x |
From the given data:
1. Outputs range from 0 to 6 units.
2. Costs are represented in multiple notations/formats indicating the complexity of the formulas or parameters involved.
### Summary:
- The output of a firm (units) ranges numerically from 0 to 6.
- Each unit has an associated cost, but the cost representations are complex and not standard numeric values.
- The table suggests that the costs involve variables or operations that need interpretation or additional data for clarity.
The function or relationship between the output units and costs is not straightforward due to the alphanumeric and symbolic representation, which indicates that costs might be influenced by variables not defined within the table or text.
Therefore, in practical terms, while the firm’s output data is clearly quantified and given (0 to 6 units), the specific total costs involve additional dependencies or parameters represented symbolically. This table suggests that additional information is required to fully interpret the cost data.
Output and Total Cost Data:
| Output (units) | Cost |
|----------------|----------------|
| 0 | aH +2 |
| 1 | GH 2.4 |
| 2 | CH4 3 |
| 3 | GH 3.8 |
| 4 | GH 6.4 |
| 5 | OHCB |
| 6 | x |
From the given data:
1. Outputs range from 0 to 6 units.
2. Costs are represented in multiple notations/formats indicating the complexity of the formulas or parameters involved.
### Summary:
- The output of a firm (units) ranges numerically from 0 to 6.
- Each unit has an associated cost, but the cost representations are complex and not standard numeric values.
- The table suggests that the costs involve variables or operations that need interpretation or additional data for clarity.
The function or relationship between the output units and costs is not straightforward due to the alphanumeric and symbolic representation, which indicates that costs might be influenced by variables not defined within the table or text.
Therefore, in practical terms, while the firm’s output data is clearly quantified and given (0 to 6 units), the specific total costs involve additional dependencies or parameters represented symbolically. This table suggests that additional information is required to fully interpret the cost data.