Calculate Total Variable Cost

Posted on 2014-03-25 12:54:00 in Economics by KUMA BALCK

1. 
   Calculate Total Variable Cost (TVC), Average Variable Cost (AVC), Average Fixed Cost (AFC), Average Total Cost (ATC) and Mariginal Cost (MC) from the following data.

 

Output (Units)	Total cost ($)
0 1 2 3 4 5 6 7	30 60 80 90 104 130 165 217

1. 
   What is the profit maximizing output if firm can sell as much as it likes at prices of $ 26 per unit?


2. 
   Calculate profits at different levels of output.

---

Answer Comment

No Answers Posted Yet.