Ans.
OUTPUT,(Q) | TVC | TC | TFC |
0 | 0 | 4.00 | 4.00 |
1 | 3.00 | 7.00 | 4.00 |
2 | 5.00 | 9.00 | 4.00 |
3 | 6.20 | 10.20 | 4.00 |
4 | 7.20 | 11.20 | 4.00 |
5 | 8.60 | 12.60 | 4.00 |
6 | 12.10 | 16.10 | 4.00 |
7 | 17.10 | 21.10 | 4.00 |
8 | 24.60 | 28.60 | 4.00 |
Note: TC= TFC+TVC
TFC is independent of change in output level. It remains constant and exists even when output is zero. so, You can see when Q =0, TC= 4.00, i.e. TFC, So, TVC= TC- TFC ( subtract TFC from TC, you will get TVC for each output level.
How to find tvc NAME: CLASS EXERCISE ECO 2023 ATC TOTAL VARIABLE COSTS TOTAL OUTPUT 9.00...
Calculate A) Total Fixed Cost (TFC), Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). B) Graph the average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and the marginal cost (MC) curves on one graph and TFC curve, TVC cost curve, and TC curve on another graph. Quantity Produced Total Cost 0 $ 120 1 135 2 148 3 159 ...
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Consider the following table of costs: Output Total Variable Costs Total Costs 0 $0 $30 1 20 50 2 30 60 3 48 78 4 90 120 5 170 200 a) Plot the total fixed cost (TFC) curve, the total variable cost (TVC) curve, and the total cost (TC) curve on the same graph. b) Briefly explain the reason for the shape of the cost curves in part (a). c) Add to the...
1. Consider the following hypothetical example Output Price P Total Fixed Cost TFC Total Cost TC Total Variable Cost TVC Average Total Cost ATC Marginal Cost MC 0 100 100 90 1 2 130 158 80 3 183 70 60 4 5 6 7 50 40 30 208 253 308 368 8 20 468 A. Complete the missing figures B. Plot ATC C. Plot AVC D. Plot MC
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