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Bills Bakery has a fire and Bill loses some of his cost data. TP AFC The bits of paper that he recovers after the fire provi

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Use the following formulae to calculate the TC, TFC, TVC, AFC, AVC, ATC, and MC: TC = TFC + TVC Or TC = ATC*O ATC = TC/O AFC1 TP A B C D E F G H I AFC AVCATCTCTFCTVC MC 10 120 100 220 2200 1200 1000 20 60 90 1 50 3000 1200 1800 80 30 40 90 130 39001Calculation of TC at 40 units: MC = change in TC/change in quantity At 40 units, MC is 130 130 = (x - 3900)/(40 - 30) x = 520

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