Table Tacl Fil Home nsert Design laynut References Mailings Review View Help Des

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Table Tacl Fil Home nsert Design laynut References Mailings Review View Help Design layout ? Tell me what you want to do I. Cnrnplete the fallng tahle: DO THF MATH Dat Total Fixed Total Variable Total Marginl Average Fixed Average Costs Number of Average Total Programa Costs Costs Costs Varlable Costs Costs S60 $40 $60 $40 210 S37 225 47.50 45 5385 10 16.50 Il. Complete the tollawing blanks (selert the appropriate answer within the parentheses: lconstant, rising, (cstant, rising, decrezsing .As output rises from 0 to 10 units, the totel fixed costs are decreasing) whereas the average fi e Ill. Curnplete lhe following blanks 'select the appr upriele ?nswer within lhe p? entheses?: .First, the Marainal Costs are constant, rising, decreasing)as output rises up to a certain level of output, then the Marginal Costs are beyond that level of output are(constant, rising, decreasingl Pege 1 of 2 230 words +100? 637 PM /10/2018 O Type here to search

Explanation / Answer

Number TFC TVC TC MC AFC AVC ATC 0 60 0 60 0 0.00 0.00 0.00 1 60 45 105 45 60.00 45.00 105.00 2 60 85 145 40 30.00 42.50 72.50 3 60 120 180 35 20.00 40.00 60.00 4 60 150 210 30 15.00 37.50 52.50 5 60 185 245 35 12.00 37.00 49.00 6 60 225 285 40 10.00 37.50 47.50 7 60 270 330 45 8.57 38.57 47.14 8 60 325 385 55 7.50 40.63 48.13 9 60 390 450 65 6.67 43.33 50.00 10 60 465 525 75 6.00 46.50 52.50 As output risses from 0 to 10, Total fixed cost reamins CONSTANT whereas average fixed cost is DECREASING. First, the Marginal cost are decreasing as output rises upto a creatin level of output then the marginal cost are rising beyond the certain level of output.

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