Chapter 12 - Quantity of Output Fixed Cost Variable Cost...

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1 2 3 4 5 6 7 8 W orkers 10 20 30 40 50 60 70 80 90 100 Output Fig.1 depicting the production function for cookies Number of Workers Output Fixed Cost Variable Cost Total Cost 0 0 $50 $0 $50 1 90 $50 $20 $70 2 170 $50 $40 $90 3 230 $50 $60 $110 4 240 $50 $80 $130 Table 1 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 $50 $50 $0 -- -- -- -- 1 $150 A B C D E F 2 G H I $120 J K L 3 M N O P Q $120 R Table 2(depicting the Costs for Flying Elvis Copter rides)
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Unformatted text preview: Quantity of Output Fixed Cost Variable Cost $20 $0 1 $20 $10 2 $20 $40 3 $20 $80 4 $20 $130 5 $20 $200 6 $20 $300 Table 3 A B C D 1 2 3 4 5 6 7 8 9 10 11 12 Quantity 1 2 3 4 5 6 7 8 9 10 11 Cost Fig 2 C A D MC ATC AVC B Quantity Cost Fig 3...
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Chapter 12 - Quantity of Output Fixed Cost Variable Cost...

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