Widgetshandout

Widgetshandout - Total Fixed Cost (TFC ) Total Variable...

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Capital Labor Total Product Marginal Product 1 0 1 1 1 2 1 3 1 4 1 5 1 6 1 7 1 8 Capital ($10 per unit) Labor ($5 per unit) Total Product Total Fixed Cost (TFC ) Total Variable Cost (TVC) Total Cost (TC) Marginal Cost (MC) Average Fixed Cost (AFC) Average Variable Cost (AVC) Average Total Cost (ATC) 1 0 1 1 1 2 1 3 1 4 1 5 1 6 1 7 1 8
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Capital Labor Total Product Marginal Product 1 0 0 0 1 1 10 10 1 2 22 12 1 3 36 14 1 4 48 12 1 5 58 10 1 6 66 8 1 7 72 6 1 8 76 4 Capital ($10 per unit) Labor ($5 per unit) Total Product
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Unformatted text preview: Total Fixed Cost (TFC ) Total Variable Cost (TVC) Total Cost (TC) Marginal Cost (MC) Average Fixed Cost (AFC) Average Variable Cost (AVC) Average Total Cost (ATC) 1 10 10 1 1 10 10 5 15 1 2 22 10 10 20 1 3 36 10 15 25 1 4 48 10 20 30 1 5 58 10 25 35 1 6 66 10 30 40 1 7 72 10 35 45 1 8 76 10 40 50...
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Widgetshandout - Total Fixed Cost (TFC ) Total Variable...

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