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katrin [286]
3 years ago
11

For each level of output, calculate the variable cost (VC). For each level of output except zero output, calculate the average v

ariable cost (AVC), average total cost (ATC), and average fixed cost (AFC).
Qty of boats

Total Cost

Variable Costs

a.

Average Variable Costs

b.

Average Total Costs

c.

Average Fixed Cost

d.

0

$450,000

-

-

-

-

1

490,000

2

510,000

3

520,000

4

540,000

5

570,000

6

610,000

7

670,000

8

750,000

9

870,000

What is the minimum-cost output?
Business
1 answer:
Aleks [24]3 years ago
3 0

Answer:

Explanation:

QTY Total Cost Variable Cost AVC ATC AFC                                                                                                                                                                                                                                                          

0 $450,000 0 0 0 0                                                                                                                                                                                                                                                          

1 $490,000 $40,000 $40,000 $490,000 $450,000                                                                                                                                                                                                                                                          

2 $510,000 $60,000 $30,000 $225,000 $195,000                                                                                                                                                                                                                                                          

3 $520,000 $70,000 $23,333.33 $173,333.33 $150,000                                                                                                                                                                                                                                                          

4 $540,000 $90,000 $22,500 $135,000 $112,500                                                                                                                                                                                                                                                          

5 $570,000 $120,000 $24,000 $114,000 $90,000                                                                                                                                                                                                                                                          

6 $610,000 $160,000 $26,666.67 $101,666.67 $75,000                                                                                                                                                                                                                                                          

7 $670,000 $220,000 $31,428.57 $95,714.29 $64,285.72                                                                                                                                                                                                                                                          

8 $750,000 $300,000 $37,500 $93,750 $56,250                                                                                                                                                                                                                                                          

9 $870,000 $420,000 $46,666.67 $96,666.67 $50,000                                                                                                                                                                                                                                                          

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