units of output | total cost | fc | afc = fc / units of output | avc = atc - afc | atc = tc / units of output | mc = change in total cost |
0 | 50 | 50 | - | - | - | - |
1 | 80 | 50 | = 50 / 1 = 50 | = 80 - 50 = 30 | = 80 / 1 = 80 | = 80 - 50 = 30 |
2 | 128 | 50 | = 50 / 2 = 25 | = 64 - 25 = 39 | = 128 / 2 = 64 | = 128 - 80 = 48 |
3 | 180 | 50 | = 50 / 3 = 16.67 | = 60 - 16.67 = 43.33 | = 180 / 3 = 60 | = 180 - 128 = 52 |
4 | 280 | 50 | = 50 / 4 = 12.5 | = 70 - 12.5 = 57.5 | = 280 / 4 = 70 | = 280 - 180 = 100 |
5 | 405 | 50 | = 50 / 5 = 10 | = 81 - 10 = 71 | = 405 / 5 = 81 | = 405 - 280 = 125 |
pogu u (a) Calculate the fixed cost (FC), average fixed cost (AFC), average variable cost (AVC),...
Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). B) Graph the average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and the marginal cost (MC) curves on one graph and TFC curve, TVC cost curve, and TC curve on another graph. Quantity Produced Total Cost 0 $ 120 1 135 2 148 3 159 ...
Describe the shape of AFC(average fixed cost), AVC(Average Variable cost), ATC(Average total cost) and MC(Marginal cost) Explain graphic relationship among ATC, AVC and MC. I would be appreciated if the answered in 5senteces,
Find FC, VC, TC, AFC, AVC, ATC, and MC from the following table. Capital costs $50 per unit, and two units of capital are used in the short run. Labor costs $20 per unit. 7. Total Cost Average Average Marginal Variable Cost |(MC) Fixed Units of Units of Variable Average Fixed Labor (L) Cost (FC) Cost (VC) (TC) Total Cost Output (ATC) (Q) Cost Cost (AFC) (AVC) 0 0 1 2 2 4 3 6 4 8 10
Given the below table: Q FC VC TC AFC AVC ATC MC 0 120 1 180 2 220 3 270 4 360 5 470 6 600 Complete the table. Draw the diagram with the curves of TC, VC and FC. Draw the diagram of the curves of ATC, AVC and AFC.
Output Total Cost Fixed Cost Variable Cost AFC AVC ATC MC 0 50 1 130 2 190 3 230 4 250 5 310 6 400 7 540 8 800 9 1200 The market supply curve is the sum of the marginal cost curves of all the firms in the market. The market supply of a competitive industry is determined by:
Finish the table. MPL: Marginal production of labor TC: Total cost MC: Marginal Cost AFC: Average fixed cost AVC: Average variable cost ATC: Average total cost lormal text - Times New... - 12 B I VA G E A E 1 E- Labor Week 6 Assignment: Production Costs 20 Points) Output MPL FC VC TC MC AFC AVC ATC (Q) 0 25 WN 25 50 75 100 13 25 15 F 16 25 125 1. Complete the table above. (4...
How to calculate the Total Cost (TC), Average Fixed Cost (AFC), Average Total Cost (ATC), and Marginal Cost (MC)? 1. The schedule below gives the Total Variable Cost (TVC) for producing various quantities of smurfs (smurfs are an input into cat food production). The Total Fixed Costs (TFC) is $100. Calculate the following and fill in the blanks: Total Cost (TC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). Cost Schedule for...
The figure given below shows the average fixed cost (AFC) and the average variable cost (AVC) curves of a competitive firm. Figure 1.1 Cost (dollars) -AVC AFC | 1 2 3 4 5 6 7 Quantity Using Figure 1.1 determine the average total cost of producing the first unit of the output. O $10 $20 $30 O $40 $50
Output Total Costs Fixed Costs Variable Costs AFC AVC ATC MC 0 100 100 0 1 150 100 50 100 50 150 50 2 225 100 125 50 62.5 112.5 75 3 230 100 130 33.33 43.33 76.67 5 4 300 100 200 25 50 75 70 5 400 100 300 20 60 80 100 Graph the average and marginal cost curves from the previous question. What would be the optimal output, assuming you want to minimize diminishing returns?
a) The following tables gives you the cost schedule fora firm producing sugar. Calculate the average costs and the marginal cost and complete the cost schedule Output(tons) FC(S) VCIS) TC(S) AFC(S) AVC(S) ATC(S) MC(S) 450 250 200 300 200 500 350 200 570 400 200 660 450 200 780 b) Draw the typical shapes of the average costs (AFC, AVC, ATC) and MC c) Explain briefly the relationship between MC and ATC.