You know several relationships among these variables that will allow you to check your work. For example, AFC decreases as Q increases. AVC approaches ATC from below as output

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Complete the following table.
Output
MC
VC
FC
TC
$6,000
100
$10
200
$2,500
300
$10,500
400
500
$45
600
$20,000
You know several relationships among these
variables that will allow you to check your work.
For example,
AFC decreases as Q increases.
AVC approaches ATC from below as output
increases.
Transcribed Image Text:Complete the following table. Output MC VC FC TC $6,000 100 $10 200 $2,500 300 $10,500 400 500 $45 600 $20,000 You know several relationships among these variables that will allow you to check your work. For example, AFC decreases as Q increases. AVC approaches ATC from below as output increases.
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