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beigefish857Lv1
6 Oct 2020
Use the following information to determine the total fixed costs (TFC), total variable costs (TVC), average fixed costs, (AFC) average variable costs (AVC), and marginal costs (MC).
Total Output
Costs($)
TFC
TVC
AFC
AVC
ATC
MC
0
100
1
150
2
225
3
230
4
300
5
400
Use the following information to determine the total fixed costs (TFC), total variable costs (TVC), average fixed costs, (AFC) average variable costs (AVC), and marginal costs (MC).
| Total Output | Costs($) | TFC | TVC | AFC | AVC | ATC | MC |
| 0 | 100 | ||||||
| 1 | 150 | ||||||
| 2 | 225 | ||||||
| 3 | 230 | ||||||
| 4 | 300 | ||||||
| 5 | 400 |
Raushan RajLv8
11 Dec 2020
