Question
HOW CAN I GET THE CALCULATIONS I NEED TO MAKE THE GRAPH BELOW FOR QUESTIONS C AND D? THESE ARE THE CURRENT STATS, BUT SOMETHING
HOW CAN I GET THE CALCULATIONS I NEED TO MAKE THE GRAPH BELOW FOR QUESTIONS C AND D?
THESE ARE THE CURRENT STATS, BUT SOMETHING CHANGES TO GET THE NEW STATS FOR ALL THE GRAPHS BELOW. CAN YOU HELP ME WITH A STEP BY STEP ON FOR FORMULAS TO CALCULATE NEW STATS FOR C AND D QUESTIONS?
Q AND TVC WERE GIVING. CURENT FORMULAS FOR THE REST:
TC= TVC+FC (FC IS 21500)
ATC=TC/Q
AVC=TVC/Q
MC= TC2-TC1 (EXAMPLE: Q20 = 71100-49450- SEE BOLD NUMBERS)
Q | TVC ($) | TC | ATC | AVC | MC |
10 | 27,950 | 49,450 | 4945 | 2795 | |
20 | 49,600 | 71,100 | 3555 | 2480 | 21,650 |
30 | 67,650 | 89,150 | 2972 | 2255 | 18,050 |
40 | 84,800 | 106,300 | 2658 | 2120 | 17,150 |
50 | 103,750 | 125,250 | 2505 | 2075 | 18,950 |
60 | 127,200 | 148,700 | 2478 | 2120 | 23,450 |
70 | 157,850 | 179,350 | 2562 | 2255 | 30,650 |
80 | 198,400 | 219,900 | 2749 | 2480 | 40,550 |
90 | 251,550 | 273,050 | 3034 | 2795 | 53,150 |
100 | 320,000 | 341,500 | 3415 | 3200 | 68,450 |
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You have collected the following data on output and total variable costs:
Q TVC ($)
10 27,950
20 49,600
30 67,650
40 84,800
50 103,750
60 127,200
70 157,850
80 198,400
90 251,550
100 320,000
c. Suppose that the government imposes a $45,000 property tax hike on all businesses; how will that affect your two graphs; i.e., which cost curves will be affected and how?
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