A company has a cost structure described in the table below. Using your knowledg
ID: 1180739 • Letter: A
Question
A company has a cost structure described in the table below. Using your knowledge of the types of costs involved in a production process, fill in the blanks in the table.
Quantity totalcost totalfixedcost totalvariablecost averagetotalcost averagefixedcost averagevarialecost marginalcost
0 100 0 - - - -
1 160
2 80
3 65
4 10
5 120
6 40
7 180
8 30
9 421
10 100
Quantity produced
Total Cost
Total Fixed Cost
Total Variable Cost
Average Total Cost
Average Fixed Cost
Average Variable Cost
Marginal Cost
0
100
0
-
-
-
-
1
160
2
80
3
65
4
10
5
120
6
40
7
180
8
30
9
421
10
100
Quantity produced
Total Cost
Total Fixed Cost
Total Variable Cost
Average Total Cost
Average Fixed Cost
Average Variable Cost
Marginal Cost
0
100
0
-
-
-
-
1
160
2
80
3
65
4
10
5
120
6
40
7
180
8
30
9
421
10
100
A company has a cost structure described in the table below. Using your knowledge of the types of costs involved in a production process, fill in the blanks in the table. Quantity totalcost totalfixedcost totalvariablecost averagetotalcost averagefixedcost averagevarialecost marginalcostExplanation / Answer
Quantity produced Total Cost Total Fixed Cost Total Variable Cost Average Total Cost Average Fixed Cost Average Variable Cost Marginal Cost 0 100 100 0 - - - - 1 160 100 60 160 100 60 60 2 180 100 80 90 50 40 20 3 195 100 95 65 33.3 31.7 15 4 205 100 105 51.3 25 26.25 10 5 220 100 120 44 20 24 15 6 240 100 140 40 16.7 23.3 20 7 280 100 180 40 14.3 25.7 40 8 340 100 240 42.5 12.5 30 60 9 421 100 321 46.8 11.1 35.7 81 10 521 100 421 52.1 10 42.1 100
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