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graph the short-run average cost curves and explain how you get this

L M o P Q R per unit cost 10 12 14 11 44 78 48 11.5 44 145 44 44 167 153 50 50 8.5 56 161 40 257 52.94 309.94 146 40 46 149 4

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Answer #1

Use the following formulae to calculate TC, TFC, TVC, AFC, AVC, AC and MC: TC = TFC + TVC AFC = TFC/O AVC = TVC/Q AC = AFC +A B C D E 1 1 Q Labor 27 overhead (fixed costs) 64.29 60 56.25 52.94 172 8 Tea 5 8.5 69 7 9.5 8 47.37 Distributio Materials iA B C D E F G Q Labor 7 7.5 8 8.5 9.5 10 variable overhead Materials Distribution costs (fixed costs) Total cost 78 180 50 30H MC A B 19 Q TFC 20 7 64.29 21 7.5 60 22 8 56.25 23 8.5 52.94 249 50 25 9.5 147.37 26 10 45 27 10.5 42.86 28 11 40.91 29 11.A 19 a TFC 7 B TVC 64.29 60 56.25 52.94 50 47.371 & C TC 308 2911 279 257 248 241 235 232 230 219 218 2181 218 219 221 45 D AAC 7.5 8.5 9 9.5 10 10.5 11 11.5 12 12.5 13 13.5 14 53.18 46.8 41.91 36.46 33.11 30.35 28 26.18 24.63 22.45 21.29 20.32 19.43AC Cost — АС No. 12 13 14 11.5 12.5 13.5 Quantity Above short run average cost curve is obtained by adding AFC and AVC.

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