LIMGC Campus Apps Lalilo Student interface learn.umgc.edu/d21/le/446157/discussions/List Q New Tab Search Discussions List - ECON 203 7? Determine a missing addend Q O e Quantity Price Q given , 3000 , 7000 : 11000 : 15000 18000 : 20400 : 22500 p given 500 470 440 410 380 350 320 Fixed Costs FC given $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 2,500,000 Labor given 2500 4000 5000 5500 6500 8000 10000 ariable Cost $ 500,000 $ 800,000 $ 1,000,000 $ 1,100,000 $ 1,300,000 $ 1,600,000 $ 2,000,000 Total Costs TC FC+VC $ 2,500,000 $ 3,000,000 $ 3,300,000 $ 3,500,000 $ 3,600,000 $ 3,800,000 $ 4,100,000 $ 4,500,000 Avg Fixed Cost AFC FC/Q $ 833 $ 357 $ 227 $ 167 $ 139 $ 123 $111 Avg Variable Cost AVC VC/Q $ 167 $ 114 $ 91 $ 73 $ 72 $ 78 $89 Avg Total Costs ATC TC/Q $ 1,000 $ 471 $ 318 $ 240 $ 211 $ 201 $ 200 Marginal Cost MC ATC/AQ 167 75 50 25 67 125 190 Total Revenue TR $ 1,500,000 $ 3,290,000 $ 4,840,000 $ 6,150,000 $ 6,840,000 $ 7,140,000 $ 7,200,000 Marginal Revenue MR ATR/AQ $ 500 $ 448 $ 388 $ 328 $ 230 $ 125 29 7:48 PM