## (Solved) If the fixed cost to produce a product is \$65, and the variable cost of the first ten units of this product progresses like this: 20, 38, 52, 62,...

9. If the fixed cost to produce a product is \$65, and the variable cost of the first ten units of this Â product progresses like this:

20, 38, 52, 62, 76, 90, 110, 134, 164, 200

a. Construct a table in which you show:

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  - Total cost (TC)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  - Average cost (AC)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  - Average fixed cost (AFC)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  - Average variable cost (AVC)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  - Marginal cost (MC).

b. In two-panel figure, graph all the six curves, where TC, VC, FC are on the upper panel, and Â AC, AFC, AVC, and MC are on the lower panel.

c. Accurately mark the following on the graph:

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  -The inflection point

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  -FC and AFC as vertical distances

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  - AVC slope and AC slope

Solution details:
STATUS
QUALITY
Approved

This question was answered on: Sep 05, 2019

Solution~000200265496.zip (25.37 KB)

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free solution (Deadline assured. Flexible pricing. TurnItIn Report provided)

STATUS

QUALITY

Approved

Sep 05, 2019

EXPERT

Tutor