Average Variable Cost, writing homework help

Anonymous
timer Asked: Oct 9th, 2016
account_balance_wallet $5

Question description

1 page APA style referencing

Tutor Answer

Ayshuman Thakur
School: Boston College

Here is the work . Please get to me in case of any review need be.

Market forms

Average
Fixed
cost

Output

Average
Variable
Cost

Average
Total
Cost

Marginal
Cost

0

Price

Total
Marginal
Revenue Revenue

$ 345.00

0

1

$ 180.00

$ 135.00

$

315.00

315.00

$ 300.00

300.00

300.00

2

$

90.00

$ 127.50

$

217.50

120.00

$ 249.00

498.00

198.00

3

$

60.00

$ 120.00

$

180.00

105.00

$ 213.00

639.00

141.00

4

$

45.00

$ 112.50

$

157.50

90.00

$ 189.00

756.00

117.00

5

$

36.00

$ 111.00

$

147.00

100.00

$ 165.00

820.00

69.00

6

$

30.00

$ 112.50

$

142.50

120.00

$ 144.00

864.00

39.00

7

$

25.71

$ 115.70

$

141.41

135.00

$ 126.00

882.00

18.00

8

$

22.50

$ 121.90

$

144.40

100.00

$ 111.00

888.00

6.00

9

$

20.00

$ 130.00

$

150.00

195.00

$ 99.00

891.00

3.00

10

$

18.00

$ 139.50

$

157.50

225.00

$ 87.00

870.00

-21.00

Marginal cost refers to the decrease or increase in total cost incurred in producing a product
when the output is increased with one additional unit. We obtain marginal cost by change in
costs/change in quantity below is a sketch and the real graph as from the data in the table (Garcia
2015)

Profit maximizing refers to the process in which a firm realizes the price and the level of output
which brings in great profit. If marginal cost equals to the marginal revenue (MC-MR) then the
fi...

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Anonymous
Excellent job

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