Given the quantity produced (Q), Total fixed cost (TFC) and Total Cost (TC), (1) calculate Total Variable cost (TVC) and (2) Draw Total cost (TC) curve Quantity (Q) Total fixed cost (TFC) Total Variable cost (TVC) Total Cost (TC) 160 160 160 1 240 160 320 160 3 400 160 4 480 160 560 160 6 640 160 7 720
Given the quantity produced (Q), Total fixed cost (TFC) and Total Cost (TC), (1) calculate Total Variable cost (TVC) and (2) Draw Total cost (TC) curve Quantity (Q) Total fixed cost (TFC) Total Variable cost (TVC) Total Cost (TC) 160 160 160 1 240 160 320 160 3 400 160 4 480 160 560 160 6 640 160 7 720
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQ
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