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Ahlookalike Company is examining its operating costs to determine if their company is operating efficiently. From their records, the following cost-output information has been developed.
Ahlookalike Company is examining its operating costs to determine if their company is operating efficiently. From their records, the following cost-output information has been developed.
COST OF PRODUCTION THEORY Ahlookalike Company is examining its operating costs to determine if their company is operating efficiently. From their records, the following cost-output information has been developed. a. At an output level of 1 AFC is P100.00 b. AVC at an output of 2 is P850. c. TVC at an output level of 4 is P3,200. d. TC increases by P700 when output is increased from 2 to 3. e. AFC + AVC for 8 units is P1,300 per unit. f. AVC increases by P80 per unit when output is increased from 4 to 5 g. MC is P3,600 per unit when Q is increased from 8 to 9 units. h. TC decreases by P800 when Q is decreased from 2 to 1 i. TVC increases by P1,500 when Q is increased from 5 to 6. J- AC decreased by P157.14 per unit when Q is decreased from 8 to 7. Given the above information, fill-up the table below: Output (Q) TFC TVC TC AFC AVC AC MC 0Step by Step Solution
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