For each level of output calculate the variable cost vc., Ask an Expert

Economics

For each level of output, find out the variable cost (VC). For each level of output except zero output, find out the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC)

Qty of cars TC Variable Costs Average Variable Costs Average Total Costs Average Fixed Costs

0 $500,000 - - - -

1 540,000

2 560,000

3 570,000

4 590,000

5 620,000

6 660,000

7 720,000

8 800,000

9 920,000

10 1,100,000

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M960981

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