Answer to Question #41771 in Microeconomics for Taler

Question #41771
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.
1
Expert's answer
2014-05-06T09:21:41-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-41771.pdf

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS