# week 3 - 1 Fill in the table below Assume TC stands for...

This preview shows pages 1–2. Sign up to view the full content.

1. Fill in the table below. Assume TC stands for Total Cost, TFC as Total Fixed Cost, TVC as Total Variable Cost, ATC as Average Total Cost, AFC as Average Fixed Cost, AVC as Average Variable Cost, and MC as Marginal Cost. TC TFC TVC ATC AFC AVC MC Units of Output 0 -20 20 0 0 0 0 0 1 -21 20 1 21 20 1 1 2 -24 20 4 12 10 2 3 3 -32 20 12 10.67 6.67 4 8 4 - 48 20 28 12 5 7 17 5 -75 20 55 15 4 11 27 6 -126 20 96 21 5 16 51 7 - 168 20 148 24 2.86 21.14 42 8 -254 20 234 31.75 2.5 29.25 86 9 -380 20 360 42.2 2.2 40 126 Ms. Duvall, I went to the website that you suggested, and I am still lost. I think my hang up is that I do not know how to find the FC or the VC since I cannot find all of the other costs without them. I tried all week to grasp this, but I think the examples in the book where it gives you a wage for the TFC is what has got my brain warped. I really have tried, I even yelled at my husband haha to get some frustration out and graded his English papers vigorously and that didn’t work as well. BUT if you could shed some light on the HOW MAYBE next time I can do it

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 2

week 3 - 1 Fill in the table below Assume TC stands for...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online