A firm's fixed cost for zero units of output and its average total cost of producing different output levels are summarized in the table below. Complete the table to find the Fixed Cost, Variable Cost, Total Cost, Average Fixed Cost, Average Variable Cost, and Marginal Cost, at all relevant levels of output. At what output level does the Marginal Cost begin to rise? | OUTPUT (Q) | TOTAL FIXED COST TFC | TOTAL VARIABLE COST | TOTAL COST | AVERAGE FIXED COST | AVERAGE VARIABLE COST | AVERAGE TOTAL COST | MARGINAL COST | |---|---|---|---|---|---|---|---| | | GHC | TVC GHC | TC GHC | AFC GHC | AVC GHC | ATC GHC | MC GHC | |---|---|---|---|---|---|---|---| | 0 | 10,000 | | | | | - | | | 100 | | | | | | 200 | | | 200 | | | | | | 125 | | | 300 | | | | | | 133.33 | | | 400 | | | | | | 150 | | | 500 | | | | | | 200 | | | 600 | | | | | | 250 | |
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We also know that Average Total Cost (ATC) is TC divided by the quantity of output (Q). Given that TFC is GHC 10,000 for zero units of output, we can assume that TFC remains the same for all levels of output as fixed costs do not change with the level of Show moreβ¦
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Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost $150.00 $25.00 $175.00 β $75.00 $23.00 $98.00 $21.00 $50.00 $20.00 $70.00 $14.00 $37.50 $21.00 $58.50 $24.00 $30.00 $23.00 $53.00 $31.00 $25.00 $25.00 $50.00 $35.00 $21.43 $28.00 $49.43 $46.00 $18.75 $33.00 $51.75 $63.00 $16.67 $39.00 $55.67 $81.00 $15.00 $48.00 $63.00 $129.00 The accompanying table gives cost data for a firm that is selling in a purely competitive market. We can infer that at zero output, this firm's total fixed, total variable, and total costs are $150, $25, and $175, respectively; zero, $25, and $175, respectively; $150, zero, and $150, respectively; zero, zero, and zero, respectively.
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The marginal cost function of a manufacturer is given as dc/dq=0,001qΒ³+0.4q+40 with a fixed cost of GHC 5000. A. The total cost of the manufacturer if he changes output levels from 50 to 100 B. The average cost of producing 100 units
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