The objective of this activity is to test students understanding of the various components of the theory of costs. Fill in the cost table using the clues given below. Output TC MC ATC AFC AVC TVC TFC 2 4 6 CLUES 1. Average Fixed Cost for 6 units of output is 9. 2. Average Variable Cost for 2 units of output is 30. 3. Total Cost is increased by 28 when the 3rd unit of output is added. 4. Average Total Cost of 4 units is the same as the Average Total Cost of 3 units of output. 5. Total Cost for 5 units of output is 258. 6. Total Variable Cost is increased by 100 when the 6th unit of output is added. 7. Total Cost increases by 8 when the 2nd unit of output is added.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Please show the computations on how you got the answers for me to understand better. Please. Please. Please. Thank you.

The objective of this activity is to test students understanding of the various
components of the theory of costs. Fill in the cost table using the clues given
below.
Output
TC
MC
ATC
AFC
AVC
TVC
TFC
2
3
4
CLUES
1. Average Fixed Cost for 6 units of output is 9.
2. Average Variable Cost for 2 units of output is 30.
3. Total Cost is increased by 28 when the 3rd unit of output is added.
4. Average Total Cost of 4 units is the same as the Average Total Cost of
3 units of output.
5. Total Cost for 5 units of output is 258.
6. Total Variable Cost is increased by 100 when the 6th unit of output is
added.
7. Total Cost increases by 8 when the 2nd unit of output is added.
5.
6.
Transcribed Image Text:The objective of this activity is to test students understanding of the various components of the theory of costs. Fill in the cost table using the clues given below. Output TC MC ATC AFC AVC TVC TFC 2 3 4 CLUES 1. Average Fixed Cost for 6 units of output is 9. 2. Average Variable Cost for 2 units of output is 30. 3. Total Cost is increased by 28 when the 3rd unit of output is added. 4. Average Total Cost of 4 units is the same as the Average Total Cost of 3 units of output. 5. Total Cost for 5 units of output is 258. 6. Total Variable Cost is increased by 100 when the 6th unit of output is added. 7. Total Cost increases by 8 when the 2nd unit of output is added. 5. 6.
A. The table below shows the cost schedule of XYZ Company, producing
face shields sold at P22 per unit. Complete the table below and encircle
the level of Q of output where profit is maximum.
Q of
Output
TC
TR
TFC
TVC
AC
AFC
AVC
MC
MR
Profit
20
36
40
3
54
4
66
82
104
7
130
8
160
198
10
244
21
Transcribed Image Text:A. The table below shows the cost schedule of XYZ Company, producing face shields sold at P22 per unit. Complete the table below and encircle the level of Q of output where profit is maximum. Q of Output TC TR TFC TVC AC AFC AVC MC MR Profit 20 36 40 3 54 4 66 82 104 7 130 8 160 198 10 244 21
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