Nathan asked in Social ScienceEconomics · 1 decade ago

# Economics Question: TFC, TVC, TC, MC, AFC, AVC & ATC?

I was Given a table , With TFC TVC TC MC AFC AVC and ATC.

On output 0 , TFC is \$500 , and the rest are blank

on output 10 , TFC is blank , TVC \$1000 and the rest are Blank

On output 20 TFC is blank, TVC is blank , TC \$2400

How do i find the answers in blanks? please help , I have ap econ and i need help!!!! thank you

Relevance
• Anonymous

OUTPUT TFC TVC TC MC

0 500 0 500 -----

10 500 1000 1500 1500-500=1000

20 500 1900 2400 2400-1500=900

at all levels of output, TFC is same i.e.\$500

at zero level of output, there is no variable cost like cost of raw materials. so, TVC=0 and TFC=TC

TC=TFC+TVC by using it you can fill up the blanks

MC=TC of n units - TC of n-1 units

AFC=TFC/Q where Q=output

AVC=TVC/Q

ATC=TC/Q

or ATC=AFC+AVC

• 4 years ago

Tc In Economics

• Anonymous
5 years ago

You are given the following information for units 0-4 that are produced by The Metro Corporation. The Total cost of unit 3 is 69. The Average variable cost of unit 3 is 15 and Marginal cost of unit 3 is 15. The Total fixed cost of all unit is 24, find out TC, AVC, MC for 4th unit. urgent

• 5 years ago

how do you find avc?