The Jones Company has the following cost schedule:   Output Total Cost (Units) (OMR)     0 3000   50 3750 100 4275 150 4675 200 5000 250 5300 300 5700 350 6250 400 7050 450 8225     What is the Fixed Cost (FC) and Variable Cost (VC).  What is the average fixed cost (AFC), average variable cost (AVC) and average total cost (ATC) for each level of output                                   What is the marginal cost (MC) for each level of out

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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  • The Jones Company has the following cost schedule:

 

Output

Total Cost

(Units)

(OMR)

    0

3000

  50

3750

100

4275

150

4675

200

5000

250

5300

300

5700

350

6250

400

7050

450

8225

 

 

  1. What is the Fixed Cost (FC) and Variable Cost (VC). 
  2. What is the average fixed cost (AFC), average variable cost (AVC) and average total cost (ATC) for each level of output                                  

What is the marginal cost (MC) for each level of output

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