Use the following table to calculate AVC - use previous calculations and keep your calculation for follow up questions: Total OutputTotal CostTFCTVCAFCAVCATCMC0$20 10$40 20$60 30$90 40$120 50$180 60$280 a.Total OutputTotal CostAVC0$20$2010$40$220$60$230$90$2.3340$120$2.550$180$3.2060$280$4.33 b.Total OutputTotal CostAVC0$20$1010$40$2020$60$2030$90$23.3340$120$25.550$180$3260$280$43.33 c.Total OutputTotal CostAVC0$20$210$40$220$60$2.3330$90$2.540$120$3.2050$180$4.3360$280$5.45 d.Total OutputTotal CostAVC0$20$010$40$020$60$230$90$2.3340$120$2.550$180$3.2060$280$4.33 e.Total OutputTotal CostAVC0$20$010$40$220$60$230$90$2.3340$120$2.550$180$3.2060$280$4.33

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Answered: Use the following table to calculate…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Use the following table to calculate AVC - use previous calculations and keep your calculation for follow up questions:

Total Output	Total Cost	TFC	TVC	AFC	AVC	ATC	MC
0	$20
10	$40
20	$60
30	$90
40	$120
50	$180
60	$280

Total Output	Total Cost	AVC
0	$20	$20
10	$40	$2
20	$60	$2
30	$90	$2.33
40	$120	$2.5
50	$180	$3.20
60	$280	$4.33

Total Output	Total Cost	AVC
0	$20	$10
10	$40	$20
20	$60	$20
30	$90	$23.33
40	$120	$25.5
50	$180	$32
60	$280	$43.33

Total Output	Total Cost	AVC
0	$20	$2
10	$40	$2
20	$60	$2.33
30	$90	$2.5
40	$120	$3.20
50	$180	$4.33
60	$280	$5.45

Total Output	Total Cost	AVC
0	$20	$0
10	$40	$0
20	$60	$2
30	$90	$2.33
40	$120	$2.5
50	$180	$3.20
60	$280	$4.33

Total Output	Total Cost	AVC
0	$20	$0
10	$40	$2
20	$60	$2
30	$90	$2.33
40	$120	$2.5
50	$180	$3.20
60	$280	$4.33

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