Sub: Basic Microeconomics Topic: Cost Curve Analysis.

Note: I've already answered the number 1 question

C. Cost Curves Analysis. A firm's fixed costs for I units of output and its average total cost of producing different output levels are summarized in the table below. $200 125 133 US 150 200 250 l. (30 points! 5 points per column]. Complete the table to nd the xed cost. variable cost. total cost. average xed cost, average variable cost, and marginal cost at all relevant levels of output. (5 points). In one graph, illustrate the following cost curves: PC. VC. and TC. (5 points). In one graph. illustrate the following cost curves: AFC. AVC, ATC, and MC. (5 points). Given the data above and your cost curves. how much units of goods to be produced by the rm to achieve an efcient scale? (5 points). At what range of 0 do the rm need to produce to achieve the economies of scale? (5 points). At what range of Q is the economies of scale? PP.\" 53'5" RUBRIC: 5 points - Complete and correct answer with correct solution. 3 points - Correct answer with correct solution but the answer in INCOMPLETE. l polnt Wrong answer and wrong solutloo. 0r Correct answer but wrong solution. I I 0 point No answer or no solution. C. Cost Curves Analysis VC TO AFC AVC A TO MC 0 $ 10,000 $ 10,000 1.DO 101006 $ 10, 000 20,000 $ 100 $ 100 $ 200 $ 100 200 10,00 0 15,000 25, 000 50 75 125 50 300 10,000 30,000 40,000 33 3 100 133 3 150 400 10,00 0 50,060 60,000 25 125 150 200 500 10,000 90,000 100,000 20 180 200 400 10.000 140,000 150,000 16 . 6 6 6 7 233 3 250 500 1) .To get the Total Cost / TC = TC/ Q : ATC TC/ 100 = 200 TC/ 200 = 125 TC / 300 = 133 3 JC = 200. 100