Question

Table 1
Q TC ATC TVC AVC TFC AFC MC
0 1500 infinity
10,000 4000 0.4
20,000 5000 0.25
30,000 6000 0.2
40,000 8800 0.22
50,000 12,500 0.25
60,000 18,000 0.3
70,000 25,900 0.37

Reference
TC = TVC + TFC (sum of variable costs and fixed costs)
ATC = TC/Q (firm’s total cost per unit of output)
AVC = TVC/Q (firm’s variable cost per unit of output)
MC = DTC/DQ (amount by which total cost rises with an additional unit of output)

I need to fill in the blank spaces on the table but don't know how to do the calculations.

Answer 1

Answer on Question #41771, Economics, Microeconomics

TC = TVC + TFC (sum of variable costs and fixed costs)

ATC = TC/Q (firm's total cost per unit of output)

AVC = TVC/Q (firm's variable cost per unit of output)

MC = DTC/DQ (amount by which total cost rises with an additional unit of output)