Fill the missing values on the table below by using the following cost formulas:Let Q be the amount of the output a firm produces.The essential cost equation:TC = FC+VCMathematically, if Q +0, can I do as following equation or not?TCFCVCA=Average, thenATC = AFC + AVCTCATC= : AFC =FC; AVC =VCATC TC,-TC:Oj - Q.AQOutput (Q)(InstructionalModdules perAverage FixedCost (AFC)Average Total Marginal CostCost (ATC)FixedVariableTotalAverageCostsCostsCostsVariable(MC)(FC)(VC)(TC)Cost (AVC)Month)XXXXXXXXXXX XXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXXD4BAS38B$13D1C1D2D3C2C32BH2H1H3S33H43BL2L1L3L454C4516J3J41S724B.12B.E1C5E2E3E4M2M1C6M3M4S36S19G37.B.121C71314G15185C8G2G4

The additional cost occur due to an extra output production depicts marginal cost (MC). The overall…

Answered: COS | bartleby

Business

Economics

COS

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

Fill the missing values on the table below by using the following cost formulas:
Let Q be the amount of the output a firm produces.
The essential cost equation:
TC = FC+VC
Mathematically, if Q +0, can I do as following equation or not?
TC
FC
VC
A=Average, then
ATC = AFC + AVC
TC
ATC= : AFC =
FC
; AVC =
VC
ATC TC,-TC:
Oj - Q.
AQ
Output (Q)
(Instructional
Moddules per
Average Fixed
Cost (AFC)
Average Total Marginal Cost
Cost (ATC)
Fixed
Variable
Total
Average
Costs
Costs
Costs
Variable
(MC)
(FC)
(VC)
(TC)
Cost (AVC)
Month)
XXXXXXXXXXX XXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX
D4
B
A
S38
B
$13
D1
C1
D2
D3
C2
C3
2
B
H2
H1
H3
S33
H4
3
B
L2
L1
L3
L4
54
C4
516
J3
J4
1
S72
4
B.
12
B.
E1
C5
E2
E3
E4
M2
M1
C6
M3
M4
S36
S19
G3
7.
B.
12
1
C7
13
14
G1
5185
C8
G2
G4

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