The mid-1990s saw a rise in the use of mobile phones in the general population. The technology continued to improve in the early
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Answer:
Explanation:
The solution to the above problem is shown in the attached picture below. It is because of the arrangement i had ti use pen and book. Thank you
I found the correct table and copied its form in an excel file. I also inputted my answers there.
Fixed cost is a fixed amount regardless of the number of units created.
Variable cost is the amount that is directly related to the number of units. As the number of units produced increases, so does the variable cost.
These are the formulas I used in the table I made.
Total Cost = Fixed Cost + Variable Cost
Fixed Cost = Total Cost - Variable Cost
Variable Cost = Total Cost - Fixed Cost
Average Fixed Cost = Fixed Cost / Quantity output
Average Variable Cost = Variable Cost / Quantity output
Average Total Cost = Total Cost / Quantity output OR Ave. Fixed Cost + Ave. Variable Cost.
Marginal Cost = Change in Total Cost / Change in Quantity output
Fixed cost is a fixed amount regardless of the number of units created.
Variable cost is the amount that is directly related to the number of units. As the number of units produced increases, so does the variable cost.
These are the formulas I used in the table I made.
Total Cost = Fixed Cost + Variable Cost
Fixed Cost = Total Cost - Variable Cost
Variable Cost = Total Cost - Fixed Cost
Average Fixed Cost = Fixed Cost / Quantity output
Average Variable Cost = Variable Cost / Quantity output
Average Total Cost = Total Cost / Quantity output OR Ave. Fixed Cost + Ave. Variable Cost.
Marginal Cost = Change in Total Cost / Change in Quantity output