Question

This Question: 2 pts 7 of 46 (32 complete) This Test: 65 pts possi 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 fixed cost, AVC the average variable cost, and AC, the average cost. Complete the following cost table. (Enter numeric responses rounded to two decimal places) Output (a) F $200 1 VCC $16 $216 28 228 36 236 40 0 248 260 276 296 320 MC AFC AVC AC $16 $200.00 $16.00 $216.00 12 100.00 14.00 114.00 8 66.67 12.000 4 50.00 10.00 60.00 8 40.000 49.60 12 33.33 10.00 43.33 0 28.57 10.86 39.43 200 12.00 37.00 24 22 22 13.33 35.56 28 20.00 14.80

Answer 1

TAL 216 F VC 200 114 T. Cost | 216 228 236 78.667 loo SI 66.66 so 49.90 240 • 4200 3523340 B09733 3331 143.33 248 39.43 5200 260 10.86 6200 276 28.57 1.25 12 1333 7 200 296 37.00 35.52 14.80/ 34. 22.22 20 320 9 200 348 483 8 10 20 F = 200 for all quantities TC-TVC + TFC me stre-se AFC=200% Arc-TVC AL-TO