Question

Fast Press Company Short-run daily costs

TP	TVC	TFC	TC	AFC	AVC	ATC	MC
0	0	95	95	-	-	-	-
1	30	95	125	95.00	30	125.00	30
2	50	95	145	47.50	25	72.50	20
3	60	95	155	31.66	20	51.66	10
4	64	95	159	23.75	16	39.75	4
5	90	95	185	19.00	18	37.00	26
6	150	95	245	15.83	25	40.83	60
7	196	95	291	13.57	28	41.57	46
8	240	95	335	11.87	30	41.87	44

Please illustrate using cost curves the above information shown.

Answer 1

All the curves are on the same graph:

335 196 +TVC +TFC +TC * AFC 一米-AVC ATC +MC 185 155159 145 125 125 95 95 95 95 95 95 95 95 72.5 X47590.56 30803166 +60- 64 60 -83 49.57 44.87 - 28 X 30 * 15.83 x 19.57X 11.87 1018526 1 2 3 + 6 7 8 9

AFC, AVC, ATC, MC curve on the same graph:

125 95 72.5 *AFC AVC - ATC +MC 51.66 X 47.5 39.75 40.89415741.87 37 * 30 X31.66 x 23.75 26 -25 28 30 162845.8349.57 11.87 0 1 2 6 7 8

Total cost, Total fixed cost, Total variable cost :

335 196 TVC +-TFC + TC 185 155 159 145 150 125 95 100 95 95 95 95 95 95 95 6064 30 0 0 TT TT 0 1 2 3 4 5 6 7 8 9