Short Run Total Cost Labor Output Fixed Cost Material Labor Variable Cost Total Cost AFC AVC AC MC 0 10 D 40.00 #DIV/O! #DIV/O! #DIV/O! #VALUE! 2 40 10 12 22 62.00 20.00 11.00 31.00 11.00 Fixed, Variable, and Total Cost 2 30 24 54 94.00 i.67 3.00 15.67 8.00 250 3 9 40 45 36 121.00 1,44 9.00 13.44 9.00 4 11 40 55 48 LOE 143.00 3.64 9.36 13.00 11.00 200 5 12 60 120 160.00 3.33 10.00 13.33 17500 13 40 65 90 155 195.00 3.08 11.92 15.00 35.00 150 -Fixed Cost Fixed Equipment 40 100 -Variable Cost Materials (per unit) 5 -Total Cost Each Worker up to 5 12 Each worker after 5 15 50 AFC, AVC, AC, and MC 5 10 15 40 00 35 00 30 00 25 00 -AFC 20.00 AVC 15 00 AC 10.00 5.00 2 6 9 11 12 13