The tale below describes the production levels and total costs of a firm that ma

Question

The tale below describes the production levels and total costs of a firm that manufactures single serving yoghurt cups. Complete table in order to fully describe the firms costs structures.

Hello. So someone helped me with this question before, but didn't fill in the other costs. I went on youtube looking up explanations, but I seem to be missing a number on all the youtube examples. Can anyone help with this? I realize what the formula's are, but I don't really know which numbers go where. Thanks.

Average AverageTotal Cost Output Total Cost Marginal Variable Fixed Cost(ATC) or (AVC+AFC) Total Average 6 Cost (AVC)(AFC) Workers(Q) (TC)C ) Cost (MC 280 1475 3420 3280 2985 2240 1145 0.825 2.005555556 3.483333333 4.476315789 5.222727273 5.720833333 5.47173913 400 1805 1900 8505 11490 13730 12585 2400 9

Explanation / Answer

Workers Total output Total cost Marginal cost Average variable cost Average fixed cost Average total cost 0 0 50 1 400 330 280 0.700 0.125 0.83 2 900 1805 1475 1.639 0.367 2.01 3 1500 5225 3420 2.280 1.203 3.48 4 1900 8505 3280 1.726 2.750 4.48 5 2200 11490 2985 1.357 3.866 5.22 6 2400 13730 2240 0.933 4.788 5.72 7 2300 12585 -1145 -0.498 5.970 5.47

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