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    Nielsen 2023

    Uploaded by

    John Windel Adefuin
    The document provides a table with information about total cost, total fixed cost, total variable cost, average fixed cost, average variable cost, average total cost, and marginal cost for varying quantities of production. It then asks to graph the total costs and average costs on separate graphs using the data from the table.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Nielsen 2023

    Uploaded by

    John Windel Adefuin
    6 views1 page
    The document provides a table with information about total cost, total fixed cost, total variable cost, average fixed cost, average variable cost, average total cost, and marginal cost for varying quantities of production. It then asks to graph the total costs and average costs on separate graphs using the data from the table.

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    nielsen-2023.docx

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    The document provides a table with information about total cost, total fixed cost, total variable cost, average fixed cost, average variable cost, average total cost, and marginal cost for varying quantities of production. It then asks to graph the total costs and average costs on separate graphs using the data from the table.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6 views1 page

    Nielsen 2023

    Uploaded by

    John Windel Adefuin
    The document provides a table with information about total cost, total fixed cost, total variable cost, average fixed cost, average variable cost, average total cost, and marginal cost for varying quantities of production. It then asks to graph the total costs and average costs on separate graphs using the data from the table.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 1

    1. Compute for the missing amount in the table.

    Average Average Average


    fixed variable total Marginal
    Total Total total total cost cost cost cost (MC)
    Product Fixed variable cost (AFC) (AVC) (ATC) MC= change in TC
    (Q) cost cost TC= / Change in Q
    (TFC) (TVC) TFC+TVC AFC=TFC/Q AVC=TVC/Q ATC=TC/Q__________________

    0 100 0 100 - - - -
    1 100 90 190 100 90 190 90
    2 100 170 270 50 85 135 80
    3 100 240 340 33.33 80 113.33 70
    4 100 300 400 25 75 100 60
    5 100 370 470 20 74 94 70
    6 100 450 550 16.67 75 91.67 80
    7 100 540 640 14.29 77.14 91.43 90
    8 100 650 750 12.5 81.25 93.75 110
    9 100 780 880 11.11 86.67 97.78 130
    10 100 930 1,030 10 93 103 150

    2. Graph the total cost and total variable cost, and total fixed cost together in one graph.

    1000 TC

    900 TVC
    800

    700
    Cost
    600

    500

    400

    300

    200

    100 TFC
    0
    1 2 3 4 5 6 7 8 9 10
    Quantity
    3. Graph the average total cost, average variable cost, average fixed cost, and marginal cost together in
    one graph.

    200

    175

    150 MC
    Cost 125
    100 ATC
    AVC
    75

    50

    25

    0 AFC
    1 2 3 4 5 6 7 8 9 10
    Quantity

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