MICROECONOMICS AP CHAPTER 9 - COSTS and GRAPHING AGGREGATE COST DATA UNIT COST DATA OUTPUT TOTAL TOTAL TOTAL MARGINAL AVERAGE AVERAGE AVERAGE FIXED VARIABLE COST COST FIXED VARIABLE TOTAL COST COST Change in COST COST COST total cost/chang e in output 0 $500 SO $500 100 500 700 $1200 7 5 7 12 200 500 1,300 $1800 6 2.5 6.5 9 300 500 1,800 $2300 5 1.67 6 6 400 500 2,400 $2900 6 1.25 6 7.67 500 500 3,100 3600 7 1 5.2 7.2 600 500 3,820 4320 7.2 83 6.37 7.2 700 500 4,700 5200 9 .714 6.71 7.431. Fill in the table. 2. On the graph above plot the TC slope and the VC slope3. On the graph above plot the following slopes: a. MC b. ATC c. AVC d AFC 4. On the graph above, total cost per unit [TCIQ or average variable cost) is at a minimum at an output level of units. 5. On the graph above, what is the relation between marginal cost [ATCKL'LQ) and average total cost (TUOJ when average total cost is at its minimum? 6. On the graph above, what is the relation between marginal cost (ATCKAQ) and average variable cost {VClQl when average variable cost is at its minimum? 7. On the graph above, what does the vertical distance between the TCIQ curve and VCIQ curve represent? 8. Explain why xed cost has no inuence on marginal cost