Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
how do you find total fixed cost?
Transcribed Image Text:AVC = TVCIQ
Te
Econ 2002: Microeconomics' Q+ FC
Problem Set #2
Please submit through the D2L assignment dropbox. Draw all graphs neatly by hand,
your answers written on a separate sheet(s) of paper. Do not rewrite the question.
1. Fill in the blanks in the table below. What is the value of TF
FC?
Total
1
Quantity Ital
Q
4
W
S
TF+ PVC or A CXQ AFC-
MC =
6
36003 $127
8
varable
To cost bolal cast
TVC
1
$100
50
Quantity
005 20-2-140-90 5+ $70
Average
Post
AC
AVC
Total 100 100 50
2
45
AC = TC/A
100 Total
cost
uanable
Average cost
Pixed
Average cost
AFC
215:54 41.5
$216
265 215 Quantity ¹43
sq
59 42.3 10.6
326 276 $4.3
$399
496 446 y
$62
25
34 '43 10
$46
✓
50
50 % 100
40
MC
16
mare
$37
12.5 39
$49
8.3 61
33
3496663995749.8 7.14 33
5507 6.25 97
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Follow-up Question
how do you know the total variable is 50 when finding the total fixed cost?
Transcribed Image Text:AVC = TVCIQ
Te
Econ 2002: Microeconomics' Q+ FC
Problem Set #2
Please submit through the D2L assignment dropbox. Draw all graphs neatly by hand,
your answers written on a separate sheet(s) of paper. Do not rewrite the question.
1. Fill in the blanks in the table below. What is the value of TF
FC?
Total
1
Quantity Ital
Q
4
W
S
TF+ PVC or A CXQ AFC-
MC =
6
36003 $127
8
varable
To cost bolal cast
TVC
1
$100
50
Quantity
005 20-2-140-90 5+ $70
Average
Post
AC
AVC
Total 100 100 50
2
45
AC = TC/A
100 Total
cost
uanable
Average cost
Pixed
Average cost
AFC
215:54 41.5
$216
265 215 Quantity ¹43
sq
59 42.3 10.6
326 276 $4.3
$399
496 446 y
$62
25
34 '43 10
$46
✓
50
50 % 100
40
MC
16
mare
$37
12.5 39
$49
8.3 61
33
3496663995749.8 7.14 33
5507 6.25 97
Solution
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