Question

Costs of production table:

Fill in the missing information in the table below:

Quantity	Total cost	TVC	TFC	ATC	AVC	AFC	MC
0	100
1	190
2	270
3	340
4	400
5	470
6	550
7	640
8	750
9	880
10	1030

2- On two separate graphs plot:

• TC, TVC, TFC – on one graph
• ATC, AVC, AFC and MC on a separate graph

Answer 1

1.

Quantity	Total cost	TVC	TFC	ATC	AVC	AFC	MC
0	100	0	100
1	190	90	100	190.00	90	100.00	90
2	270	170	100	135.00	85	50.00	80
3	340	240	100	113.33	80	33.33	70
4	400	300	100	100.00	75	25.00	60
5	470	370	100	94.00	74	20.00	70
6	550	450	100	91.67	75	16.67	80
7	640	540	100	91.43	77.14	14.29	90
8	750	650	100	93.75	81.25	12.50	110
9	880	780	100	97.78	86.67	11.11	130
10	1030	930	100	103.00	93	10.00	150

2.

A.

B.