Question
The following costs are for Optical View Inc., a contact lens manufacturer: Output in Units Fixed Costs Variable Costs Total Costs 250 $ 4,750 $
The following costs are for Optical View Inc., a contact lens manufacturer:
Output in Units | Fixed Costs | Variable Costs | Total Costs | |||
250 | $ | 4,750 | $ | 7,500 | $ | 12,250 |
300 | 4,750 | 9,000 | 13,750 | |||
350 | 4,750 | 10,500 | 15,250 | |||
400 | 4,750 | 12,000 | 16,750 | |||
Required:
1. Calculate and graph total costs, total variable cost, and total fixed cost. (Use the line tool to draw the total costs, total variable cost, and total fixed cost. To earn full credit for this graph you must plot all required points for each curve. While plotting the points a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed.)
2. For each level of output calculate the per-unit total cost, per-unit variable cost, and per-unit fixed cost. (Round your answers to the nearest whole dollar amount.)
3.
Using the results from requirement 2, graph the per-unit total cost, per-unit variable cost, and per-unit fixed cost. (Before, plotting any points be sure to round your values to the nearest whole dollar amount. Use the line tool to draw the per-unit total cost, per-unit variable cost, and per-unit fixed cost. To earn full credit for this graph you must plot all required points for each curve. While plotting the points a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed.)
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