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ECON 1100 Lecture Notes - Lecture 15: Military Cross, Average Variable Cost

Canada

Introduction to Economics I

Economics

Dr.Michael Batu

University of Windsor

Principles of Financial Accounting

Intro to Financial Accounting Theory

Principles of Managerial Accounting

Accounting Theory II

Accounting Information Systems

Management and Organizational Life

Human Resources Management

Business Ethics in a Global Context

Business Finance I

Business Finance II

Introduction to Management Information Systems

Introduction to Business

Strategic Management

Introduction to the Internet

Reasoning Skills

Environmental Physiology

Social Media and Mobile Technology for End Users

Foundations of Social Life

<p><p>L+K = Q</p> <p>labor + capital = Output<br> 1 unit of labor = 50<br> perice per 1 unit = 20</p> <p>Capital (K) is FIXED</p> <table border="1" cellpadding="1" cellspacing="1" style="width:500px;"> <tbody> <tr> <td>L</td> <td>K</td> <td>Q</td> <td>TVC</td> <td>TFC</td> <td>TC</td> <td>ATC</td> <td>AVC</td> <td>AFC</td> <td>MC</td> </tr> <tr> <td>0</td> <td>20</td> <td>0</td> <td></td> <td></td> <td></td> <td>0</td> <td></td> <td></td> <td></td> </tr> <tr> <td>1</td> <td>20</td> <td></td> <td></td> <td></td> <td></td> <td>18</td> <td></td> <td></td> <td></td> </tr> <tr> <td>2</td> <td>20</td> <td>60</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>3</td> <td>20</td> <td>100</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>4</td> <td>20</td> <td></td> <td></td> <td></td> <td></td> <td>3</td> <td></td> <td></td> <td></td> </tr> </tbody> </table> <p>Please explain some of thse out. I want to understand how to solve for these empty boxes.</p> <p>Thank you!!!</p></p>

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ECON 1100 Lecture Notes - Lecture 15: Military Cross, Average Variable Cost

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Related Questions

L	K	Q	TVC	TFC	TC	ATC	AVC	AFC	MC
0	20	0				0
1	20					18
2	20	60
3	20	100
4	20					3