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The values in figure 1, below, are identical to those you were given in this group work. A B C D E F G H

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The values in figure 1, below, are identical to those you were given in this group work. A B C D E F G H I . 1 Worker hours Output FC VC TC MC AFC AVC ATC 2 0 O 4000 0 4000 -- 3 50 400 4000 1150 5150 2.88 10.00 2.88 12.88 4 100 900 4000 2500 6500 2.70 4.44 2.78 7.22 5 150 1300 4000 3650 7650 2.88 3.08 2.81 5.88 6 200 1600 4000 4600 8600 3.17 2.50 2.88 5.38 250 1800 4000 5350 9350 3.75 2.22 2.97 5.19 8 300 1900 4000 5900 9900 5.50 2.11 3.11 5.21 350 1950 4000 6350 10350 9.00 2.05 3.26 5.31 Figure 1: Values from week 6, Calculating costs of production, group worksheet 4. In figure 1, explain how the value of cell D4 ($2500) was calculated. You need to know VC before you can calculate TC, so the answer to this question is not VC = TC-FC. Explain all the inputs to the value, and type out the complete calculation, resulting in $2500, here: Your answer in BLUE 5. In figure 1, explain how the value of cell F6 ($3.17) was calculated. Explain all the inputs to the value, and type out the complete calculation, resulting in $3.17, here: Your answer in BLUE

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