Answer to Question #105515 in Microeconomics for Sudha Srivastava

Question #105515
If the quantity is 0,1,2,3,4,5,6,7,8,9,10 then what will be the TFC,TC,AFC,AVC,ATC,MC if the tVC of the quantity is 0,25,40,50,60,80,110,150,300,500,900
1
Expert's answer
2020-03-17T09:24:49-0400

TFC is the same for every quantity. That's why TFC is not calculated.

MC is difference between TC and TC of quantity before. TFC in every TC the same, so MC is calculated as difference of VC divided by difference of quantity.

For 0 of quantity:

TC=TFC+0

Other indicators cannot be calculated for 0 of quantity

For 1 of quantity:

TC=TFC+25

AFC=TFC/1=TFC

AVC=25/1=25

ATC=AFC+25

MC=(25-0)/(1-0)=25

For 2 of quantity:

TC=TFC+40

AVC=40/2=20

AFC=TFC/2

ATC=AFC+20

MC=(40-25)/(2-1)=15

For 3 of quantity:

TC=TFC+50

AVC=50/3=16.66

AFC=TFC/3

ATC=AFC+16.66

MC=(50-40)/(3-2)=10

For 4 of quantity:

TC=TFC+60

AVC=60/4=15

AFC=TFC/4

ATC=AFC+15

MC=(60-50)/(4-3)=10

For 5 of quantity:

TC=TFC+80

AVC=80/5=16

AFC=TFC/5

ATC=AFC+16

MC=(80-60)/(5-4)=20

For 6 of quantity:

TC=TFC+110

AVC=110/6=18.33

AFC=TFC/6

ATC=AFC+18.33

MC=(110-80)/(6-5)=30

For 7 of quantity:

TC=TFC+150

AVC=150/7=21.42

AFC=TFC/7

ATC=AFC+21.42

MC=(150-110)/(7-6)

For 8 of quantity:

TC=TFC+300

AVC=300/8=37.5

AFC=TFC/8

ATC=AFC+37.5

MC=(300-150)/(8-7)=150

For 9 of quantity:

TC=TFC+500

AVC=500/9=55.55

AFC=TFC/9

ATC=AFC+55.55

MC=(500-300)/(9-8)=200

For 10 of quantity:

TC=TFC+900

AVC=900/10=90

AFC=TFC/10

ATC=AFC+90

MC=(900-500)/(10-9)=400


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