Consider the table. Labor (hours) 0 40 50 60 70 80 90 Quantity 0 18 45 Fixed Cost ($) 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Variable Cost ($) Total Cost ($) Marginal Cost ($) Average Cost ($) AVC* ($) 0 5,000 10,000 15,000 A 25,000 30,000 10,000 15,000 B 25,000 30,000 35,000 40,000 C 185.19 250.00 D 500.00 E 65 78 88 94 *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. F 444.44 384.62 G 397.73 425.53 277.78 222.22 230.77 256.41 284.09 H
Consider the table. Labor (hours) 0 40 50 60 70 80 90 Quantity 0 18 45 Fixed Cost ($) 10,000 10,000 10,000 10,000 10,000 10,000 10,000 Variable Cost ($) Total Cost ($) Marginal Cost ($) Average Cost ($) AVC* ($) 0 5,000 10,000 15,000 A 25,000 30,000 10,000 15,000 B 25,000 30,000 35,000 40,000 C 185.19 250.00 D 500.00 E 65 78 88 94 *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. F 444.44 384.62 G 397.73 425.53 277.78 222.22 230.77 256.41 284.09 H
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Please find the answers to the missing values labeled A - H and show how each value was found please.
Thank you very much,
Transcribed Image Text:Consider the table.
Labor
(hours)
0
40
50
60
70
80
90
Quantity
0
18
45
Fixed
Cost ($)
10,000
10,000
10,000
10,000
10,000
10,000
10,000
Variable Cost ($) Total Cost ($) Marginal Cost ($) Average Cost ($) AVC* ($)
0
5,000
10,000
15,000
A
25,000
30,000
10,000
15,000
B
C
185.19
250.00
D
65
78
88
94
*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.
25,000
30,000
35,000
40,000
500.00
E
F
444.44
384.62
G
397.73
425.53
277.78
222.22
230.77
256.41
284.09
H
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