Question

variable Total Costs Costs Marginal Costs Table 1: Waste Water Cost Schedule Monthly Volume (q) Average Fixed Actual Waste Water Costs Costs Costs $ 360 $ 380 422 489 $ 584 $ 710 $ 870 $ 1,067 $ 1,304

could you pls help me to calculate the missing part

pls show the work

Answer 1

Average variable Total Monthly Vowme Marginal Actual cost 360 380 20 20 422 42 I Fixed cost 360 360 360 360 360 360 360 360 - 67 380 래 163 146 142 145 152.93 163 95 489 584 710 870 1067 1304 360 380 422 489 584 710 870 1067 62 129 224 350 510 707 944 126 160 197 237 1304 360 Shot on OnePlus By Sahil Pasricha

Average variable Total Monthly Vowme Marginal Actual cost 360 380 20 20 422 42 I Fixed cost 360 360 360 360 360 360 360 360 - 67 380 래 163 146 142 145 152.93 163 95 489 584 710 870 1067 1304 360 380 422 489 584 710 870 1067 62 129 224 350 510 707 944 126 160 197 237 1304 360 Shot on OnePlus By Sahil Pasricha

Average variable Total Monthly Vowme Marginal Actual cost 360 380 20 20 422 42 I Fixed cost 360 360 360 360 360 360 360 360 - 67 380 래 163 146 142 145 152.93 163 95 489 584 710 870 1067 1304 360 380 422 489 584 710 870 1067 62 129 224 350 510 707 944 126 160 197 237 1304 360 Shot on OnePlus By Sahil Pasricha

1. Average cost is calculated by dividing actual cost divided by monthly volume

2 fixed cost is 360 because it incurs at zero level also

3 variable cost is actual cost minus fixed cost

4 total cost same as actual cost

5 marginal cost is total cost level 2 minus total cost level 1

Same for subsequent levels

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