The accompanying table shows a car manufacturer’s total cost of producing cars. Quantity of cars TC 0 $500,000 1 540,000 2 560,000 3 570,000 4 590,000 5 620,000 6 660,000 7 720,000 8 800,000 9 920,000 10 1,100,000 What is this manufacturer’s fixed cost? For each level of output, calculate the variable cost (VC). For each level of output except zero output, calculate the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC). What is the minimum-cost output? For each level of output, calculate this manufacturer’s marginal cost (MC). On one diagram, draw the manufacturer’s AVC, ATC, and MC curve

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A: Total fixed cost does not change with the quantity  Therefore, the total fixed cost for 1 unit at…

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A: We know that, Total Cost(TC)= Total Fixed Cost(TFC)+Total Variable Cost(TVC),Average Variable…

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Q: Output per hour 0 1 Total Cost $ $ ՄԴ 1,000 1,200

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Q: Output (q) VC MC AFC AVC AC 1 $100 $64 $164 $64 $100.00 $64.00 $164.00 2 112 212 48 50.00 56.00…

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Q: Is mo represented by this graph? 1000 500 333 250 200

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A: Marginal cost is the cost incurred in making or procuring an additional unit of output.  For…