Microeconomic
This is an exercise I want you all to try. See if you can complete the following table. It requires you to figure out how all these various cost calculations are related to each other. It’s a challenging puzzle. Help each other on this – ask questions. I’ll chime in only if I think you need me.
Hint: Fixed Cost = _________________________________
Output
VC
TC
AVC
AFC
ATC
MC
0
0
100
–
–
–
–
1
25
2
20
3
53.3
4
17.5
5
90
6
30
7
265
8
41.3
9
35
10
425
