Ball Bearings, Inc., faces costs of production as follows:
Quantity
Total Fixed Costs
Total Variable Costs
(Dollars)
(Dollars)
0
100
0
1
100
50
2
100
70
3
100
90
4
100
140
5
100
200
6
100
360
Complete the following table by calculating the company’s total cost, marginal cost, average fixed cost, average variable cost, and average total cost at each level of production.
Quantity
Total Cost($)
Marginal Cost($)
Average Fixed Cost($)
Average Variable Cost($)
Average Total Cost($)
0
150
1
100
2
100
3
100
4
100
5
100
6
100
Ball Bearings, Inc., faces costs of production as follows:
|
Quantity |
Total Fixed Costs |
Total Variable Costs |
|
(Dollars) |
(Dollars) |
|
|
0 |
100 |
0 |
|
1 |
100 |
50 |
|
2 |
100 |
70 |
|
3 |
100 |
90 |
|
4 |
100 |
140 |
|
5 |
100 |
200 |
|
6 |
100 |
360 |
Complete the following table by calculating the company’s total cost, marginal cost, average fixed cost, average variable cost, and average total cost at each level of production.
| Quantity | Total Cost($) | Marginal Cost($) | Average Fixed Cost($) | Average Variable Cost($) | Average Total Cost($) |
| 0 | 150 | ||||
| 1 | 100 | ||||
| 2 | 100 | ||||
| 3 | 100 | ||||
| 4 | 100 | ||||
| 5 | 100 | ||||
| 6 | 100 |
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Related questions
Complete the following table.
|
Units of output (Q) |
Total Cost (TC) |
Total Fixed Cost (TFC) |
Total Variable Cost (TVC) |
Average Variable Cost (AVC) |
Average Total Cost (ATC) |
Marginal Cost (MC) |
|
0 |
$100 |
$100 |
$0 |
NA |
NA |
NA |
|
1 |
$130 |
$100 |
||||
|
2 |
$150 |
$100 |
||||
|
3 |
$160 |
$100 |
||||
|
4 |
$172 |
$100 |
||||
|
5 |
$185 |
$100 |
||||
|
6 |
$210 |
$100 |
||||
|
7 |
$240 |
$100 |
||||
|
8 |
$280 |
$100 |
||||
|
9 |
$330 |
$100 |
||||
|
10 |
$390 |
$100 |
Use the information to determine the total fixed cost, the total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs.
|
Total Output |
Total Costs ($) |
| 0 | 100 |
| 1 | 150 |
| 2 | 225 |
| 3 | 230 |
| 4 | 300 |
| 5 | 400 |
Use the following information to determine the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs.
| Total Input | Cost |
| 0 | $100 |
| 1 | $150 |
| 2 | $225 |
| 3 | $230 |
| 4 | $300 |
| 5 | $400 |
