3. Calculate TC, AFC, AVC, ATC and MC. Fixed Variable Costs Average Average Average Marginal Units of Total Total the Product | Costs Costs Fixed Variable Total Costs Variable Costs Costs Costs (ТР) (FC) (VC) (ТC) (МC) Factor (AFC) (AVC) АТC) (Labor) 50 1 5 50 20 2 12 50 40 3 19 50 60 4 25 50 80
3. Calculate TC, AFC, AVC, ATC and MC. Fixed Variable Costs Average Average Average Marginal Units of Total Total the Product | Costs Costs Fixed Variable Total Costs Variable Costs Costs Costs (ТР) (FC) (VC) (ТC) (МC) Factor (AFC) (AVC) АТC) (Labor) 50 1 5 50 20 2 12 50 40 3 19 50 60 4 25 50 80
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![3. Calculate TOC, AFC, AVC, ATC and MC.
Average Average Average Marginal
Fixed
Units of
Fixed
Product | Costs
Total
Variable
Total
the
Costs
Costs
Variable
Total
Costs
Variable
Costs
Costs
Costs
(ТР)
(FC)
(VC)
(TC)
(М)
Factor
(AFC)
(AVC)
АТC)
(Labor)
50
1
50
20
12
50
40
19
50
60
4
25
50
80
3.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F70679fa7-948d-4201-b7a0-581c79cbebaf%2F11e8009f-dd87-4a02-9f28-a8b0aa74ec03%2Fivksrt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. Calculate TOC, AFC, AVC, ATC and MC.
Average Average Average Marginal
Fixed
Units of
Fixed
Product | Costs
Total
Variable
Total
the
Costs
Costs
Variable
Total
Costs
Variable
Costs
Costs
Costs
(ТР)
(FC)
(VC)
(TC)
(М)
Factor
(AFC)
(AVC)
АТC)
(Labor)
50
1
50
20
12
50
40
19
50
60
4
25
50
80
3.
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