View the step-by-step solution to:

# Output Total Variable Cost 0 \$ 0 1 \$ 50 2 \$ 90 3 \$120 4 \$160

Output Total Variable Cost

0 \$ 0

1 \$ 50

2 \$ 90

3 \$120

4 \$160

5 \$220

6 \$300

7 \$400

8 \$520

9 \$670

10 \$900

1) Given the above variable cost data and assuming fixed costs equal the value of the last three digits of your MDC student ID, create a file using Excel that lists Output, Fixed Cost, Variable Cost, Total Cost, Average Fixed Cost, Average Variable Cost, Average Total Cost, and Marginal Cost. The Excel table should be constructed using formulas wherever calculations were required.

2) Using Excel, plot FC, VC, and TC in Graph A and AFC, AVC, ATC, and MC in Graph B.

Variable Fixed
Cost
Cost
\$0
0
\$50
1
\$90
2
\$120
3
\$160
4
\$220
5
\$300
6
\$400
7
\$520
8
\$670
9
\$900
10 Total
Cost
\$26
\$26
\$26
\$26
\$26
\$26
\$26
\$26
\$26
\$26
\$26 \$26
\$76
\$116
\$146
\$186
\$246
\$326
\$426
\$546...

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