Output (q) VC MC AFC AVC AC 1 $100 $64 $164 $64 $100.00 $64.00 $164.00 2 112 212 48 50.00 56.00 106.00 100 144 244 32 33.33 48.00 100 160 16 25.00 40.00 65.00 100 192 292 32 20.00 58.40 6 100 340 48 16.67 40.00 56.67 7 100 304 404 14.29 43.43 57.71 8 100 384 484 80 48.00 60.50 100 480 580 96 11.11 53.33 64.44 10 100 592 112 10.00 59.20 4)
Output (q) VC MC AFC AVC AC 1 $100 $64 $164 $64 $100.00 $64.00 $164.00 2 112 212 48 50.00 56.00 106.00 100 144 244 32 33.33 48.00 100 160 16 25.00 40.00 65.00 100 192 292 32 20.00 58.40 6 100 340 48 16.67 40.00 56.67 7 100 304 404 14.29 43.43 57.71 8 100 384 484 80 48.00 60.50 100 480 580 96 11.11 53.33 64.44 10 100 592 112 10.00 59.20 4)
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 4SQ
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Question
100%
Transcribed Image Text:Let F be the fixed cost of production, let VC be the variable cost of production, C be the total cost, MC be the marginal cost, AFC, the average fixed cost, AVC,
the average variable cost, and AC, the average cost. Complete the following cost table. (Enter numeric responses rounded to two decimal places.)
Output (q)
Vc
MC
AFC
AVC
AC
1
$100
S64
$164
$64
$100.00 $64.00 $164.00
2
112
212
48
50.00
56.00 106.00
3
100
144
244
32
33.33
48.00
100
160
16
25.00
40.00
65.00
5
100
192
292
32
20.00
58.40
6
100
340
48
16.67
40.00
56.67
7
100
304
404
14.29
43.43
57.71
8
100
384
484
80
48.00
60.50
9
100
480
580
96
11.11
53.33
64.44
10
100
592
112
10.00
59.20
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