2 3 4 5 7 8 Units Total Total Total Average fixed cost (R) Average variable cost Average product fixed cost variable (R) of Total cost Marginal total land (units) cost (R) (R) ТР TFC TVC (R) AFC AVC cost (R) cost TC ATC or AC (R) MC 20 9 000 9 000 20 16 9 000 2 400 11 400 20 44 9 000 4 800 13 800 20 78 9 000 7 200 16 200 20 113 9 000 9 600 18 600 20 145 9 000 12 000 21 000 20 171 9 000 14 400 23 400 20 190 9 000 16 800 25 800 20 200 9 000 19 200 28 200 20 200 9 000 21 600 30 600 20 187 9 000 24 000 33 000

2 3 4 5 7 8 Units Total Total Total Average fixed cost (R) Average variable cost Average product fixed cost variable (R) of Total cost Marginal total land (units) cost (R) (R) ТР TFC TVC (R) AFC AVC cost (R) cost TC ATC or AC (R) MC 20 9 000 9 000 20 16 9 000 2 400 11 400 20 44 9 000 4 800 13 800 20 78 9 000 7 200 16 200 20 113 9 000 9 600 18 600 20 145 9 000 12 000 21 000 20 171 9 000 14 400 23 400 20 190 9 000 16 800 25 800 20 200 9 000 19 200 28 200 20 200 9 000 21 600 30 600 20 187 9 000 24 000 33 000

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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