Question

Complete the hypothetical table below and explain in brief, the behaviour of each type of cost.
Quantity Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Costa Marginal Cost
0 0
1 25
2 40
3 50
4 60
5 100 80
6 110
7 150
8 300
9 500
10 900

Answer 1

Hypothetical table

Explanation:

The table:

Quantity Total fixed cost Total variable cost Total cost Average fixed cost Average variable cost Marginal cost

0 80 0 80 NA NA NA

1 80 25 105 80 25 25

2 80 40 120 40 20 15

3 80 50 130 26.67 16.67 10

4 80 60 140 20 15 10

5 80 80 160 16 16 20

6 80 110 190 13.33 18.33 30

7 80 150 230 11.43 21.43 40

8 80 300 380 10 37.5 150

9 80 50 580 8.89 55.56 200

10 80 900 980 8 90 400

Total cost= Total fixed cost + total variable cost

Average fixed cost= $\dfrac{\textrm{ total} \textrm {fixed}\textrm {cost}}{quantity}$

Average variable cost = $\dfrac{\textrm{Total} \textrm{ variable}\textrm {cost}}{ Quantity}$

Marginal cost= $\frac{\textrm {change }\textrm {in} \textrm total \textrm cost}{ Change \textrm in \textrm quantity}$

Since the fixed cost does not change with the output the average fixed cost descreases as the output increases.

The average variable cost does not increase in the same proportion to an increase in the output

Marginal cost also falls down till 7th Unit and then increases at a greater pace.

Answer 2

Answer:

Hypothetical table

Explanation:

The table:

Quantity Total fixed cost Total variable cost Total cost Average fixed cost Average variable cost Marginal cost

0 80 0 80 NA NA NA

1 80 25 105 80 25 25

2 80 40 120 40 20 15

3 80 50 130 26.67 16.67 10

4 80 60 140 20 15 10

5 80 80 160 16 16 20

6 80 110 190 13.33 18.33 30

7 80 150 230 11.43 21.43 40

8 80 300 380 10 37.5 150

9 80 50 580 8.89 55.56 200

10 80 900 980 8 90 400

Total cost= Total fixed cost + total variable cost

Average fixed cost= \dfrac{\textrm{ total} \textrm {fixed}\textrm {cost}}{quantity}

quantity

totalfixedcost

Average variable cost = \dfrac{\textrm{Total} \textrm{ variable}\textrm {cost}}{ Quantity}

Quantity

Total variablecost

Marginal cost= \frac{\textrm {change }\textrm {in} \textrm total \textrm cost}{ Change \textrm in \textrm quantity}

Changeinquantity

change intotalcost

Since the fixed cost does not change with the output the average fixed cost descreases as the output increases.

The average variable cost does not increase in the same proportion to an increase in the output

Marginal cost also falls down till 7th Unit and then increases at a greater pace.

Explanation:

Mark me as brainliest