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    love1983's Avatar
    love1983 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 23, 2012, 10:09 AM
    solve cost of production problems
    Total Output Cost TFC TVC AF AVC ATC MC
    0 $20
    10 $40
    20 $60
    30 $90
    40 $120
    50 $180
    60 $280



    2. Use the following table to answer the questions listed
    below.
    a. Calculate the total fixed costs, total variable costs,
    average fixed costs, average variable costs, average
    total costs, and marginal costs.
    b. Plot each of the cost curves.
    c. At what quantity of output does marginal cost
    equal average total cost and average variable cost?
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Apr 23, 2012, 10:11 AM
    Please refer to this announcement

    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
    You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.
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