Output Variable Cost 0 $ 0 1 $ 5 2 $ 9 3 $12 4 $16 5
Question # 00080360
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Updated on: 07/07/2015 07:13 AM Due on: 08/06/2015
Output Variable Cost
0 $ 0
1 $ 5
2 $ 9
3 $12
4 $16
5 $22
6 $30
7 $40
8 $52
9 $67
10 $90
1. Given the above variable cost data and assuming fixed costs equal the value of the last two digits of your MDC student ID, create a file using Excel that lists Output, Fixed Cost, Variable Cost, Total Cost, Average Fixed Cost, Average Variable Cost, Average Total Cost, and Marginal Cost. The Excel table should be constructed using formulas wherever calculations are required. An example of the table is presented on page 266 of your textbook. The formulas required are summarized on page 274.
2. Using Excel, plot curves of FC, VC, and TC in Graph A and AFC, AVC, ATC, and MC in Graph B.
0 $ 0
1 $ 5
2 $ 9
3 $12
4 $16
5 $22
6 $30
7 $40
8 $52
9 $67
10 $90
1. Given the above variable cost data and assuming fixed costs equal the value of the last two digits of your MDC student ID, create a file using Excel that lists Output, Fixed Cost, Variable Cost, Total Cost, Average Fixed Cost, Average Variable Cost, Average Total Cost, and Marginal Cost. The Excel table should be constructed using formulas wherever calculations are required. An example of the table is presented on page 266 of your textbook. The formulas required are summarized on page 274.
2. Using Excel, plot curves of FC, VC, and TC in Graph A and AFC, AVC, ATC, and MC in Graph B.
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Solution: Output Variable Cost 0 $ 0 1 $ 5 2 $ 9 3 $12 4 $16 5