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This question was created from AB224 Unit 7 Assignment.docx https://www.coursehero.com/file/52069463/AB224-Unit-7-Assignmentdocx/

c. Average variable Costs {rive} (1 point} Break—even point in units 2 Fixed costs;i
[Sales price per unit — variable cost per unit) cl. Average Total Costs {ATE} (1 point) The sum of all production costs divided by the
quantity of output produced e. Average Fixed Costs (AFC) (1 point) The sum of all ﬁxed costs of production
divided hv the guantityr of output. f. Marginal Costs (MC) (1 point) Marginal Cost is the change in total cost divided lav the
change in quantity of the output. 2. Table 1 shows the hourly production and Total Cost estimates for a new manufacturing firm wishing to enter the srnartphone market. Fill in the blank cells in
columns a., h., c., d., and e. on the table bv computing the appropriate values. Table 1 Smart cell
phones
produced
in an
hour . m'a n-mm
n \$3,E?5 115250 30?5 E. EEIEIII-
. E I” 3- it
3
III
E
h 2E000 4305 491250 5641?? 4T2?.50 &quot;€150 6106
30 61.33
5353.09 B?BB.04 64.04
3346.33 02?0.41 63.41 IIIIEIﬁEﬁE- 1009140 1002330 ?3.?0

In the table, fixed cost is \$3200 as total cost is \$3200 when zero smart cell phone is produced. We knowTotal Cost... View the full answer

Smart Phone
Total Cost | Variable Average
Average
Average
Marginal
Cell produced (TC)
Cost(VC) |Variable Cost
Total Cost
Fixed Cost
Cost (MC)
In an hour
(AVC)
(ATC)
(AFC)
0
\$3200
NA
NA
NA
NA
NA
15...

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