Calculating Costs

Question:

Calculate the Cost Schedule below.

Assume that the fixed cost is $55.

Q VC TC AFC AVC ATC MC

0 0 n/a n/a n/a n/a

1 10

2 30
3 60

4 100

5 150

6 210

Answer:

Q TFC TVC TC AFC AVC ATC MC

0 55 0 55 n/a n/a n/a n/a

1 55 10 65 55 10 65 10

2 55 30 85 27.5 15 42.5 20

3 55 60 115 18.33 20 38.33 30

4 55 100 155 13.75 25 38.75 40

5 55 150 205 11 30 41 50

6 55 210 265 9.17 35 44.17 60