Total variable Total Average variable Output Average total cost Total Average fixed cost Marginal cost (RM) fixed cost (unit) (RM) cost cost (RM) cost (RM) (RM) 600 (RM) (RM) 600 10 1050 600 450 60 45 105 45 20 1450 600 850 30 42.5 72.5 40 30 1800 600 1200 20 40 60 35 40 2100 600 1500 15 37.5 52.5 30 50 2450 600 1850 12 37 49 350 60 2850 600 2250 10 37.5 47.5 40 70 3300 600 2700 8.57 38.57 47.14 45 80 3850 600 3250 7.5 40.625 48.125 55 90 4500 600 3900 6.67 43.34 50 65 100 5250 600 4650 46.5 52.5 75

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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Related questions
Question

Which time period is the firm operating? Why?

Total
fixed
Total
Average
variable
Output
Total
Average
fixed cost
Average
total cost
(RM)
Marginal
cost
variable
cost
(unit)
cost
cost
cost
(RM)
(RM)
(RM)
(RM)
600
(RM)
(RM)
600
10
1050
600
450
60
45
105
45
20
1450
600
850
30
42.5
72.5
40
30
1800
600
1200
20
40
60
35
40
2100
600
1500
15
37.5
52.5
30
50
2450
600
1850
12
37
49
350
60
2850
600
2250
10
37.5
47.5
40
70
3300
600
2700
8.57
38.57
47.14
45
80
3850
600
3250
7.5
40.625
48.125
55
90
4500
600
3900
6.67
43.34
50
65
100
5250
600
4650
46.5
52.5
75
Transcribed Image Text:Total fixed Total Average variable Output Total Average fixed cost Average total cost (RM) Marginal cost variable cost (unit) cost cost cost (RM) (RM) (RM) (RM) 600 (RM) (RM) 600 10 1050 600 450 60 45 105 45 20 1450 600 850 30 42.5 72.5 40 30 1800 600 1200 20 40 60 35 40 2100 600 1500 15 37.5 52.5 30 50 2450 600 1850 12 37 49 350 60 2850 600 2250 10 37.5 47.5 40 70 3300 600 2700 8.57 38.57 47.14 45 80 3850 600 3250 7.5 40.625 48.125 55 90 4500 600 3900 6.67 43.34 50 65 100 5250 600 4650 46.5 52.5 75
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