*Average Variable Cost The table shows the cost structure of a firm producing computer mainframes. Calculate the missing values A through H and enter these into the boxes provided. A: 20000 B: 20000 C: 277.78 D: E: F: G: Н: Consider the table. Fixed Labor Variable Cost Total Cost Marginal Cost Average Cost AVC* Quantity ($) Cost ($) (hours) ($) ($) ($) ($) 10,000 10,000 40 18 10,000 5,000 15,000 277.78 50 45 10,000 10,000 185.19 444.44 222.22 60 65 10,000 15,000 25,000 250.00 384.62 230.77 70 78 10,000 30,000 256.41 35,000 397.73 80 88 10,000 25,000 500.00 284.09 90 94 10,000 30,000 40,000 425.53 *Average Variable Cost The table shows the cost structure of a firm producing computer mainframes. Calculate the missing values A through H and enter these into the boxes provided.
*Average Variable Cost The table shows the cost structure of a firm producing computer mainframes. Calculate the missing values A through H and enter these into the boxes provided. A: 20000 B: 20000 C: 277.78 D: E: F: G: Н: Consider the table. Fixed Labor Variable Cost Total Cost Marginal Cost Average Cost AVC* Quantity ($) Cost ($) (hours) ($) ($) ($) ($) 10,000 10,000 40 18 10,000 5,000 15,000 277.78 50 45 10,000 10,000 185.19 444.44 222.22 60 65 10,000 15,000 25,000 250.00 384.62 230.77 70 78 10,000 30,000 256.41 35,000 397.73 80 88 10,000 25,000 500.00 284.09 90 94 10,000 30,000 40,000 425.53 *Average Variable Cost The table shows the cost structure of a firm producing computer mainframes. Calculate the missing values A through H and enter these into the boxes provided.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:*Average Variable Cost
The table shows the cost structure of a firm producing computer mainframes.
Calculate the missing values A through H and enter these into the boxes provided.
A: 20000
B: 20000
C: 277.78
D:
E:
F:
G:
Н:
Transcribed Image Text:Consider the table.
Fixed
Labor
Variable Cost
Total Cost
Marginal Cost
Average Cost
AVC*
Quantity
($)
Cost ($)
(hours)
($)
($)
($)
($)
10,000
10,000
40
18
10,000
5,000
15,000
277.78
50
45
10,000
10,000
185.19
444.44
222.22
60
65
10,000
15,000
25,000
250.00
384.62
230.77
70
78
10,000
30,000
256.41
35,000
397.73
80
88
10,000
25,000
500.00
284.09
90
94
10,000
30,000
40,000
425.53
*Average Variable Cost
The table shows the cost structure of a firm producing computer mainframes.
Calculate the missing values A through H and enter these into the boxes provided.
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