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describing the relationship among the costs. and give recommendation Short Run Total Cost Labor Output Fixed Cost Variable Cost Total Cost AFC AVC AC MC

describing the relationship among the costs. and give recommendation

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Short Run Total Cost Labor Output Fixed Cost Variable Cost Total Cost AFC AVC AC MC 0 10 0.00 10.00 IN 10 15.00 25.00 5.00 7.50 12.50 7.50 Fixed, Variable, and Total Cost 2 6 10 38.00 48.00 1.67 6.33 8.00 5.75 120 3 9 10 57.00 67.00 1.11 6.33 7.44 6.33 100 4 11 10 72.00 82.00 0.91 6.55 7.45 7.50 5 12 10 83.00 93.00 0.83 6.92 7.75 11.00 80 13 10 96.00 106.00 0.77 7.38 8.15 13.00 Fixed Cost 60 -Variable Cost Fixed Equipment 10 40 Materials (per unit) 4 Total Cost Each Worker upto 5 Each worker after 5 9 20 AFC, AVC, AC, and MC 0 5 10 15 14.00 12.00 10.00 AFC 8.00 .AVC 5.00 AC 4.00 -MC 2.00 0.00 2 6 9 11 12 13

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