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|Short-Run Cost Puzzle Name Date Due Total Total Fixed Total Total Cost Average Average Average Marginal Product Cost Variable Fixed Cost Variable Total Cost Cost

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|Short-Run Cost Puzzle Name Date Due Total Total Fixed Total Total Cost Average Average Average Marginal Product Cost Variable Fixed Cost Variable Total Cost Cost Cost Cost 0 60 co 0 45 50 105 145 42.50 35 3 4 150 5 190 50 6 295 Use the definitions for TFC, TVC, TC, AFC, AVC, ATC and SMC along with the data provided above to fill in the missing values. Use space below for worksheet. means infinitely large. Applicable relationships are: SAC = AFC + AVC II STC TFC TVC + Q Q Q ATVC ATC SMC = AQ A

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