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# BU224 Unit-6

Question # 00028093
Subject: Economics
Due on: 10/12/2014
Posted On: 10/12/2014 07:50 AM

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Question
BU224 Unit 6

Quantity of Boats Total Cost
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

1. What is this manufacturerâ€™s fixed cost?

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

3. What is the minimum-cost output?
4. For each level of output, calculate this manufacturerâ€™s marginal cost (MC)
(For convenience, place the Marginal Cost between 0 and 1 boat on the second row, the Marginal Cost between 1 and 2 boats on the third row, and so on)

Qty of boats TC Marginal Costs
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
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#### BU224 Unit-6

Tutorial # 00027515
Posted On: 10/12/2014 07:52 AM
Posted By:
Dinkerj
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119
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Preview: cost xx 450,000 xxx this is xxxxx cost Fixed xxxx 450,000 x xxx each xxxxx of output, xxxxxxxxx the variable xxxx (VC) xxx xxxx level xx output except xxxx output, calculate xxx average xxxxxxxx xxxx (AVC), xxxxxxx total cost xxxxxx and average xxxxx cost xxxxx xxx of xxxxxxxxxx CostVariable CostsAverage xxxxxxxx CostsAverage Total xxxxxxxxxxxx Fixed xxxxxx xxx )(c xxx )0450,000 ----1490,00040,000.....
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