**Instructions for Homework Submission:** - **Print this page.** Homework not turned in on this sheet will incur a 50% penalty. Use the cost equations in your notes to fill in the table below. There are 26 blanks, each worth half a point. Please write neatly. - **Due Date:** This homework is due in class on **Friday, October 21st**. --- **Homework Details:** **ECON102 - Homework 5** ### Table Overview: #### Table 1: | Q | TFC | TVC | TC | AFC | AVC | ATC | MC | |---|-----|-----|-----|-----|-----|-----|----| | 0 | 36 | 0 | 36 | -- | -- | -- | -- | | 1 | 36 | 9 | 45 | 36 | 9 | 45 | 9 | | 2 | 36 | | 18 | | 23 | 41 | 37 | | 3 | 36 | 135 | 171 | | | | | | 4 | 36 | 336 | | | | 84 | 165| **Note:** ΔTC/ΔQ (Marginal Cost) is indicated above the MC column. #### Table 2: | Q | TFC | TVC | TC | AFC | AVC | ATC | MC | |---|-----|-----|----|-----|-----|-----|-----| | 0 | 0 | | | -- | -- | -- | -- | | 1 | | 4 | | | 4 | | 4 | | 2 | | | 66 | | | 33 | | | 3 | | 16 | | | | | | ### Explanation: - **TFC (Total Fixed Cost):** Constant cost regardless of output quantity. - **TVC (Total Variable Cost):** Varies with the level of output. - **TC (Total Cost):** The sum of TFC and TVC. - **AFC (Average Fixed Cost):** TFC divided by Q (Output Quantity

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