Assignment 1. Find the value of A,B,C,D & E. Add $8 with FC. New FC=$10, now assuming quantity and variable cost remain the same, Create a new table and find the value of TC,AFC,AVC,ATC & MC. FC VC тC AFC AVC ATC MC 3 1.8 .9 1.9 2.4 4.4 .8 1.47 .6 4 2.8 4.8 .5 1.2 .4

Assignment 1. Find the value of A,B,C,D & E. Add $8 with FC. New FC=$10, now assuming quantity and variable cost remain the same, Create a new table and find the value of TC,AFC,AVC,ATC & MC. FC VC тC AFC AVC ATC MC 3 1.8 .9 1.9 2.4 4.4 .8 1.47 .6 4 2.8 4.8 .5 1.2 .4

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Consumer Choice And Elasticity

Section: Chapter Questions

Problem 2CQ

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Question

Assignment
1. Find the value of A,B,C,D & E. Add $8 with FC. New FC=$10, now assuming quantity and variable
cost remain the same, Create a new table and find the value of TC,AFC,AVC,ATC & MC.
FC
VC
тC
AFC
AVC
ATC
MC
3
1.8
.9
1.9
2.4
4.4
.8
1.47
.6
4
2.8
4.8
.5
1.2
.4

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