Units of output (Q) Total Cost (TC) Total Fixed Cost (TFC) Total Variable Cost (
ID: 1203922 • Letter: U
Question
Units of output (Q)
Total Cost (TC)
Total Fixed Cost (TFC)
Total Variable Cost (TVC)
Average Variable Cost (AVC)
Average Total Cost (ATC)
Marginal Cost (MC)
0
$100
$100
$0
NA
NA
NA
1
130
$100
2
150
$100
3
160
$100
4
172
$100
5
185
$100
6
210
$100
7
240
$100
8
280
$100
9
330
$100
10
390
$100
Units of output (Q)
Total Cost (TC)
Total Fixed Cost (TFC)
Total Variable Cost (TVC)
Average Variable Cost (AVC)
Average Total Cost (ATC)
Marginal Cost (MC)
0
$100
$100
$0
NA
NA
NA
1
130
$100
2
150
$100
3
160
$100
4
172
$100
5
185
$100
6
210
$100
7
240
$100
8
280
$100
9
330
$100
10
390
$100
Explanation / Answer
We coumpute various costs with following formulas -
TVC = TC - TFC
AVC = TVC/Quantity
ATC = AFC + AVC = AC/Q
MC = TCq - TCq-1
Follwing is the table that comes out
0
Output TC TFC TVC AVC ATC MC0
100 100 0 na na na 1 130 100 30 30 130 30 2 150 100 50 25 75 20 3 160 100 60 20 53.33 10 4 172 100 72 18 43 12 5 185 100 85 17 37 13 6 210 100 110 18.33 35 25 7 240 100 140 20 34.28 30 8 280 100 180 22.5 35 40 9 330 100 230 25.55 36.6 50 10 390 100 290 29 39 60Related Questions
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