L | K | Q | VC | FC | TC | AVC | AFC | ATC | MC |
0 | 5 | 0 | 0 | 5 | 5 | ||||
1 | 5 | 2 | 2 | 5 | 7 | 1.00 | 2.50 | 3.50 | 1.00 |
2 | 5 | 6 | 4 | 5 | 9 | 0.67 | 0.83 | 1.50 | 0.50 |
3 | 5 | 12 | 6 | 5 | 11 | 0.50 | 0.42 | 0.92 | 0.33 |
4 | 5 | 19 | 8 | 5 | 13 | 0.42 | 0.26 | 0.68 | 0.29 |
5 | 5 | 25 | 10 | 5 | 15 | 0.40 | 0.20 | 0.60 | 0.33 |
6 | 5 | 28 | 12 | 5 | 17 | 0.43 | 0.18 | 0.61 | 0.67 |
7 | 5 | 29 | 14 | 5 | 19 | 0.48 | 0.17 | 0.66 | 2.00 |
VC=2*L
FC=1*K
TC=VC+FC
AVC=VC/Q
AFC=FC/Q
ATC=TC/Q
MC=change in TC/change in Q
1) Graph the AVC, ATC, AFC, and MC with Q on the horizontal axis and the costs per unit on the vertical axis.
1) The graph would be as follows:-
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.
Economics Question 1: Question 2: Q FC | VC TC AFC AVC ATC MC 920 475 60 10 What is the AVC at Q=2 equal to? [Type a whole number, no gaps.] FC VC TC AFC AVC ATC MC 920 475 60 What is the ATC at Q=3 equal to? [Type a whole number, no gaps.]
Economics Question 1: Question 2: FC VC TC AFC AVC ATC MC 920 475 60 What is the FC equal to? [Type a whole number, no gaps.] FC VC TC AFC AVC ATC MC 920 475 60 10 What is the MC at Q=2 equal to? [Type a whole number, no gaps.]
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 $20 per unit. 7. Total Cost Average Average Marginal Variable Cost |(MC) Fixed Units of Units of Variable Average Fixed Labor (L) Cost (FC) Cost (VC) (TC) Total Cost Output (ATC) (Q) Cost Cost (AFC) (AVC) 0 0 1 2 2 4 3 6 4 8 10
Question 1 (1 point) TTC VC FC AC AVC AFC MC 0 N 1 2 H 3 2 M 3 G 6 5 What is the correct value for H? 5 2 4 3 Question 2 (1 point) Q TC VC FC AC AVC AFC MC 0 N 1 2 Н 3 2 M 3 G 6 5 What is the correct value for M? 3 5 Question 3 (1 point) Q TC VC FC AC AVC AFC MC 0...
Quantity FC VC AFC AVC ATC MC [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] 30
Find TC, MC, AFC, AVC, and ATC from the following table. Instructions: Enter your responses rounded to two decimal places. Units (Q) VC($) TC($) MC($) | AFC($) AVC($) ATC($) FC($) 100 100 100 100 100 100 40 60 TDTT 70 85 130 (Note: Marginal costs should be interpreted as between levels of output.)
Fill in the table: VC AVC TC 25 Output FC AFC ATC MC 15 47 25 30 40 4 6 12 109 20 10 130 Also give a explanation how you calculated those values (ex: First I was able to calculate...then I was able to fill this column, etc.) and give the formulas that you used. Do not submit only the table without any explanation. You have to bring a print version of your homework (no hand writin
Q FC VC TC AFC AVC ATC MC 0 15 000 0 15 000 - - - - 100 15 000 15 000 30 000 150 150 300 15 000 200 15 000 25 000 40 000 75 125 200 10 000 300 15 000 37 500 52 500 50 125 175 12 500 400 15 000 75 000 90 000 375 187.5 225 37 500 500 15 000 147 500 162 500 30 295 325 72500 600 15 000...
Complete the following table Q TFC TVC TC AFC AVC ATC MC 0 800 ------ ----- ----- ----- 1 40 2 35 3 296 4 14 5 918