Question

ECON 197: Vicaria Relationships Denis Jag Narzial TP Complete the worksheet Pied Das Variable Cort to o s AVC ATC WC 15) 3000 2010 11,000 29.000

I dont understand it.

Answer 1

Units	fixed cost	Variable cost	Total Cost	AVC	ATC	MC
0	1500	0	1500	NA	NA	NA
100	1500	5000	6500	50.00	65.00	50
200	1500	8000	9500	40.00	47.50	30
300	1500	9000	10500	30.00	35.00	10
400	1500	11000	12500	27.50	31.25	20
500	1500	15000	16500	30.00	33.00	40
600	1500	21500	23000	35.83	38.33	65
700	1500	29000	30500	41.43	43.57	75

Fixed cost (FC) remains fixed at each level of output.

Total Cost = Fixed Cost + Variable Cost

Average Variable cost = (Total Variable Cost / quantity)

Average total Cost = (Total Cost / Quantity)

Marginal Cost = (Change in Total Cost / Change in Quantity)