Question
Table 1 Cost of Aluminum at Four Production Level Aluminum Production (tons per week) - 1,000.00 2,000.00 3,000.00 Price 120.00 100.00 80.00 60.00 Cost: Production
Table 1 Cost of Aluminum at Four Production Level Aluminum Production (tons per week) - 1,000.00 2,000.00 3,000.00 Price 120.00 100.00 80.00 60.00 Cost: Production Workers 0 15,000.00 30,000.00 90,000.00 Managers, maintenance, interest, and taxes 26,000.0 0 26,000.00 26,000.00 26,000.00 Leased equipment payments 34,000.0 0 34,000.00 34,000.00 34,000.00 Electricity - 25,000.00 60,000.00 120,000.0 0 A. Fill in the blanks based on the information in Table 1 Cost of Aluminum at Four Production Level Aluminum Production (tons per week) Cost/Revnue - 1,000.00 2,000.00 3,000.00 Fixed Cost 60,000 60,000 60,000 60,000 Variable Cost 0 40,000 90,000 210,000 Average Variable Cost 0 40 45 70 Total Cost 60,000 100,000 150,000 270,000 Marginal Cost 0 40 50 120 Average Total Cost 0 100 75 90 Total Revenue 0 100,000 160,000 180,000 Marginal Revenue 0 100 60 20 Profit -60,000 0 10,000 -90,000
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