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Showing posts with label Total Cost. Show all posts
Showing posts with label Total Cost. Show all posts

Sunday, February 20, 2011

Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs

Solution is available here for U$25

Exercise 2 Table
Total Output
Cost
TFC
TVC
AFC
AVC
ATC
MC
0
$20






10
$40






20
$60






30
$90






40
$120






50
$180






60
$280






2. Use the following table to answer the questions listed below.
a. Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, 
 average total costs, and marginal costs.
b. Plot each of the cost curves.
c. At what quantity of output does marginal cost equal average total cost and average variable cost?

2. Use the following table to answer the questions listed below.
a. Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs,
 average total costs, and marginal costs.
b. Plot each of the cost curves.
c. At what quantity of output does marginal cost equal average total cost and average variable cost?