Complete the cost table to make it consistent with the given numbers. 0 TC TFC TVC ATC AFC AVC MC 0 20 1 1 2 3 4 3 4 12 5 75 6 7 8 16 24.85 86 9 360 10 540 Plot the total cost functions for the range of output 0-10 on one diagram, and the average and marginal cost functions on another diagram.
Complete the cost table to make it consistent with the given numbers. 0 TC TFC TVC ATC AFC AVC MC 0 20 1 1 2 3 4 3 4 12 5 75 6 7 8 16 24.85 86 9 360 10 540 Plot the total cost functions for the range of output 0-10 on one diagram, and the average and marginal cost functions on another diagram.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Complete the cost table to make it consistent with the given numbers.
0
TC
TFC
TVC ATC AFC
AVC
MC
0
20
1
1
2
3
4
3
4
12
5
75
6
7
8
16
24.85
86
9
360
10
540
Plot the total cost functions for the range of output 0-10 on one diagram, and the
average and marginal cost functions on another diagram.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F77ff0dc1-7282-4fa0-94cd-a91857c24dd6%2F45d82925-7fe5-4fbb-9c28-96607373d541%2F585ntcr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Complete the cost table to make it consistent with the given numbers.
0
TC
TFC
TVC ATC AFC
AVC
MC
0
20
1
1
2
3
4
3
4
12
5
75
6
7
8
16
24.85
86
9
360
10
540
Plot the total cost functions for the range of output 0-10 on one diagram, and the
average and marginal cost functions on another diagram.
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