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pucetiger245Lv1
28 Sep 2019
Please complete the table below. Show all formulas and calculations.
Output
Total Cost
Variable Cost
Fixed Cost
Marginal Cost
Average Cost
Average Variable Cost
Average Fixed Cost
0
30
-
-
-
-
1
35
2
60
3
110
4
200
5
320
6
600
Please complete the table below. Show all formulas and calculations.
|
Output |
Total Cost |
Variable Cost |
Fixed Cost |
Marginal Cost |
Average Cost |
Average Variable Cost |
Average Fixed Cost |
|
0 |
30 |
- |
- |
- |
- |
||
|
1 |
35 |
||||||
|
2 |
60 |
||||||
|
3 |
110 |
||||||
|
4 |
200 |
||||||
|
5 |
320 |
||||||
|
6 |
600 |
Chika IlonahLv10
28 Sep 2019
Related textbook solutions
Related questions
Construct the total cost schedule using data below for a firm operating in the short-run.
| Total Output (Q) | Total fixed cost (TFC) | Total variable cost (TVC) | Total cost (TC) | Marginal Cost (MC) | Average fixed cost (AFC) | Average variable cost (AVC) | Average total cost (ATC) |
| 0 | 50 | 0 | 50 | ||||
| 1 | 70 | ||||||
| 2 | 85 | ||||||
| 3 | 95 | ||||||
| 4 | 100 | ||||||
| 5 | 110 | ||||||
| 6 | 130 | ||||||
| 7 | 165 | ||||||
| 8 | 215 | ||||||
| 9 | 275 |
Construct the cost schedule using the data below for a firm operating in the short run. Graph the average variable cost, the average total cost, and marginal cost curves.
| Total Output (Q) | Total fixed cost (TFC) (in $) | Total variable cost (TVC) (in $) | Total cost (TC) (in $) | Marginal cost (MC) (in $) | Average fixed cost (AFC) (in $) | Average variable cost (AVC) (in $) | Average total cost (ATC) (in $) |
| 0 | 50 | 50 | |||||
| 1 | 70 | ||||||
| 2 | 85 | ||||||
| 3 | 95 | ||||||
| 4 | 100 | ||||||
| 5 | 110 | ||||||
| 6 | 130 | ||||||
| 7 | 165 | ||||||
| 8 | 215 | ||||||
| 9 | 275 |
Construct the cost schedule using the data below for a firm operating in the short run.
| Total Output (Q) | Total Fixed Cost (TFC) | Total Variable cost (TVC) | Total Cost (TC) | Marginal Cost (MC) | Average Fixed cost (AFC) | Average Variable Cost (AVC) | Average Total Cost (ATC) |
| 0 | $50 | ||||||
| 1 | $70 | ||||||
| 2 | $85 | ||||||
| 3 | $95 | ||||||
| 4 | $100 | ||||||
| 5 | $110 | ||||||
| 6 | $130 | ||||||
| 7 | $165 | ||||||
| 8 | $215 | ||||||
| 9 | $275 |
