Using your knowledge of cost formulas and calculations for a firm producing in the short run, redraw the table below and complete the table by filing in the blank spaces TotalFixedTotalAverage AverageFixedAverageTotalTotalMarginalCostVariableVariableQuantityCostCostCostCostCostCost(TC)(MC)(TFC)(TVC)(AFC)(AVC)(АTC)4014017574017571724030702015133418113.672711440488810122275797811.419.49640711116.6718.5147401285.7112.5718.291784011215251419249401411814.4415.6720.1110401802204182239

Total fixed cost is the cost of all fixed inputs and expenses required to produce output during a…

Answered: Using your knowledge of cost formulas…

Using your knowledge of cost formulas and calculations for a firm producing in the short run, redraw the table below and complete the table by filing in the blank spaces

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Using your knowledge of cost formulas and calculations for a firm producing in the short run, redraw the table below and complete the table by filing in the blank spaces

Total
Fixed
Total
Average Average
Fixed
Average
Total
Total
Marginal
Cost
Variable
Variable
Quantity
Cost
Cost
Cost
Cost
Cost
Cost
(TC)
(MC)
(TFC)
(TVC)
(AFC)
(AVC)
(АTC)
40
1
40
17
57
40
17
57
17
2
40
30
70
20
15
13
3
41
81
13.67
27
11
4
40
48
88
10
12
22
7
57
97
8
11.4
19.4
9
6
40
71
111
6.67
18.5
14
7
40
128
5.71
12.57
18.29
17
8
40
112
152
5
14
19
24
9
40
141
181
4.44
15.67
20.11
10
40
180
220
4
18
22
39

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