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Consider the table. Labor (hours) Quantity Fixed Cost ($) Variable Cost ($) Total Cost ($) Marginal Cost ($) Average Cost ($) AVC* ($) 0 0
Consider the table.
Labor (hours) | Quantity | Fixed Cost ($) | Variable Cost ($) | Total Cost ($) | Marginal Cost ($) | Average Cost ($) | AVC* ($) |
---|---|---|---|---|---|---|---|
0 | 0 | 10,000 | 0 | 10,000 | - | - | - |
40 | 18 | 10,000 | 5,000 | 15,000 | C | F | 277.78 |
50 | 45 | 10,000 | 10,000 | B | 185.19 | 444.44 | 222.22 |
60 | 65 | 10,000 | 15,000 | 25,000 | 250.00 | 384.62 | 230.77 |
70 | 78 | 10,000 | A | 30,000 | D | G | 256.41 |
80 | 88 | 10,000 | 25,000 | 35,000 | 500.00 | 397.73 | 284.09 |
90 | 94 | 10,000 | 30,000 | 40,000 | E | 425.53 | H |
*Average Variable Cost
The table shows the cost structure of a firm producing computer mainframes.
Calculate the missing values A through H and enter these into the boxes provided.
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