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28 Sep 2019
From your knowledge of the relationships among the various cost functions, complete the following table?
Q
TTC
TFC
TVC
ATC
AFC
AVC
MC
0
125
10
5
20
10.50
30
110
40
255
50
3
60
3
70
5
80
295
From your knowledge of the relationships among the various cost functions, complete the following table?
|
Q |
TTC |
TFC |
TVC |
ATC |
AFC |
AVC |
MC |
|
0 |
125 |
||||||
|
10 |
5 |
||||||
|
20 |
10.50 |
||||||
|
30 |
110 |
||||||
|
40 |
255 |
||||||
|
50 |
3 |
||||||
|
60 |
3 |
||||||
|
70 |
5 |
||||||
|
80 |
295 |
Insha FatimaLv10
28 Sep 2019
Related textbook solutions
Related questions
Complete the cost table.
| Total Output | Cost | TFC | TVC | AFC | AVC | ATC | MC |
| 0 | $20 | ||||||
| 10 | $40 | ||||||
| 20 | $60 | ||||||
| 30 | $90 | ||||||
| 40 | $120 | ||||||
| 50 | $180 | ||||||
| 60 | $280 |
Short-Run Cost Puzzle
| Total Product | Total Fixed Cost | Total Variable Cost | Total Cost | Average Fixed Cost | Average Variable Cost | Average Total Cost | Marginal Cost |
| 0 | ? | 0 | ? | ||||
| 40 | |||||||
| 1 | |||||||
| 2 | 115 | 20 | |||||
| 30 | |||||||
| 3 | 35 | 48.33 | |||||
| 25 | |||||||
| 4 | 32.50 | ||||||
| 5 | 8 | 33 | |||||
| 6 | 255 | 42.50 |
Use the definitions for TFC, TVC, TC, AFC, AVC, ATC and SMC along with the data provided above to fill in the missing values. Use space below for worksheet.
? means infinitely large. Applicable relationships are:
SAC = AFC + AVC
? ? ?
STC TFC TVC
??? = ??? + ???
Q Q Q
DTVC DTC
SMC = ???? = ???
DQ DQ
