quantity cars total cost 0 500000 1 540000 2 560000 3 570000 4 590000 5 620000 6 660000 7 72

Quantity of cars

Total Cost

0

$500,000

1

$540,000

2

$560,000

3

$570,000

4

$590,000

5

$620,000

6

$660,000

7

$720,000

8

$800,000

9

$920,000

10

$1,100,000

 

a.What is this manufacturer’s fixed cost?

$500.000

b.For each level of output except zero output, calculate this manufacturer’s marginal cost (MC). 

 

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

 

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

 

e. For each level of output, calculate the average total cost (ATC),

 

f. For each level of output except zero output, calculate the average fixed cost (AFC).

 
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