Complete the table (fill up the FC, compute for TC, MC, AC, AFC and AVC): Where:FC - fixed costVC - variable costTC - total costMC – marginal costAC - average costAFC - average fixed costAVC – average variable costQ- quantityFCVCTCMCACAFCAVC101102183264344353648.768910103b. Graph FC, VC and TC is one graph with Q at the X axis and Cost at the Yaxis (Remember to label your graph properly and completely)c. Graph MC, AC, AFC and AVC in one graph with Q at the X axis and Costat the Y axis (Remember to label your graph properly and completely)d. Assuming the price of a quantity sold is Php11.50, indicate the profit(or loss) per number of quantity (Q) sold using the table below: d. Assuming the price of a quantity sold is Php11.50, indicate the profit(or loss) per number of quantity (Q) sold using the table below:Total RevenueProfit (loss)123.46.8.9.10e. Graph your TC and TR with the Cost at the Y axis and the Quantity atthe X axis. (Remember to label your graph properly and completely)

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Answered: Complete the table (fill up the FC,…

Business

Economics

Complete the table (fill up the FC, compute for TC, MC, AC, AFC and AVC):

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Complete the table (fill up the FC, compute for TC, MC, AC, AFC and
AVC):

Where:
FC - fixed cost
VC - variable cost
TC - total cost
MC – marginal cost
AC - average cost
AFC - average fixed cost
AVC – average variable cost
Q- quantity
FC
VC
TC
MC
AC
AFC
AVC
10
1
10
2
18
3
26
4
34
43
53
64
8.
76
89
10
103
b. Graph FC, VC and TC is one graph with Q at the X axis and Cost at the Y
axis (Remember to label your graph properly and completely)
c. Graph MC, AC, AFC and AVC in one graph with Q at the X axis and Cost
at the Y axis (Remember to label your graph properly and completely)
d. Assuming the price of a quantity sold is Php11.50, indicate the profit
(or loss) per number of quantity (Q) sold using the table below:

d. Assuming the price of a quantity sold is Php11.50, indicate the profit
(or loss) per number of quantity (Q) sold using the table below:
Total Revenue
Profit (loss)
1
2
3.
4
6.
8.
9.
10
e. Graph your TC and TR with the Cost at the Y axis and the Quantity at
the X axis. (Remember to label your graph properly and completely)

Definition Definition Measure of the cost of production per unit of output, including only variable costs such as wages, materials, and utilities. AVC is calculated by dividing total variable cost by the number of units produced. Understanding average variable cost is important for businesses to make decisions on pricing, production levels, and profitability.

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