Complete the following table (6 points):     Quantity/Output   Total Fixed Cost   Average Fixed Cost   Total Variable Cost   Average Variable Cost   Total Cost   Average Total Cost     Marginal Cost (units) (dollars) TC=FC+VC (dollars) AFC=FC/Q (dollars)   (dollars) AVC=VC/Q (dollars) TC=FC+VC (dollars) ATC-TC/Q=AVC+AFC (dollars) MC=DTC/DC 0 $50   $0   $200     10 $50   $20     $70     25 $50   $40    $90     45 $50   $60    $110     60 $50   $80    $130     70 $50   $100    $150

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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  1. Complete the following table (6 points):

 

 

Quantity/Output

 

Total

Fixed Cost

 

Average Fixed Cost

 

Total

Variable Cost

 

Average

Variable Cost

 

Total Cost

 

Average

Total Cost

 

 

Marginal Cost

(units)

(dollars)

TC=FC+VC

(dollars)

AFC=FC/Q

(dollars)

 

(dollars)

AVC=VC/Q

(dollars)

TC=FC+VC

(dollars)

ATC-TC/Q=AVC+AFC

(dollars)

MC=DTC/DC

0

$50

 

$0

 

$200

 

 

10

$50

 

$20

 

  $70

 

 

25

$50

 

$40

 

 $90

 

 

45

$50

 

$60

 

 $110

 

 

60

$50

 

$80

 

 $130

 

 

70

$50

 

$100

 

 $150

 

 

 

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