Question

Let F be the fixed cost of production, let VC be the variable cost of production, C be the total cost, MC be the marginal cost, AFC, the average faced cost AVC, the average variable cost, and AC, the average cost. Complete the following cost table. (Entor numeric responses rounded to two decimal places) Output (a) $264 312 MC AFC AVC AC $64 $200.00 $64.00 $264.00 48 100.00 56.00 156.00 66.67 48.00 50.00 40.00 90.00 N 78.40 33.33 40.00 73.33 28.57 43.43 72.00 48.00 73.00 22.22 53.33 75.56 1122000 69.200 Sa

Answer 1

output FC ve TC MC AFC AVR AG L 200 64 264 64 200 64 264 2 200 112 312 48 100 56 156 3 200 144 344 32 66.67 48 [114.67] 4 20↑ 160 360] 16 50 40 90 5 200 192 392 32 40 138.41 78.40 6 200 [240 440 48 33.33 40 73.33 7 200 304 504 [64] 28.57 43.43 72.00 8 200 384 584 8o 125 48 73.00 9 200 480 680 96.22.22 53.33 75.56 10 zoo 592 [792] 12 20 59.20 179.20 10 Fezed cost always remaens constant. 16 TC = Tfe + The I The at biti usit = 440-200 = 240 © TC at 412 voir & lot ofict = 200 + 160= 360 = 200 +592= 792 me = Ten Tenni me at the enet = 504 - 440 = 64 6 Afe= Tela At sit voer, Afe = 200185.25_ o are= Tuzla. At 515 unit, Air I = 192/5 = 38.4 6 ATC= AC/a. Ac at 3rd esiet & at lote ceret s 34413=114.67 = 792/10 = 7.2