Question Details

During the last few days the Superior Company has been running into problems 



1.	During the last few days the Superior Company has been running into problems with its computer system. The last run of the production cost schedule resulted in the incomplete listing shown below. From your knowledge of cost theory, fill in the blanks.

Q	TC	TFC	TVC	ATC	AFC	AVC	MC
  0	40	_____	_____	x     	x	x	x
  1	_____	_____	_____	52     	_____	_____	_____
  2	_____	_____	20	_____	_____	_____	_____
  3	_____	_____	_____	21.33	_____	_____	_____
  4	_____	_____	_____	_____	_____	_____	4
  5	_____	_____	40	_____	_____	_____	_____
  6	_____	_____	_____	15.67	_____	_____	_____
  7	_____	_____	_____	_____	_____	10	_____
  8	_____	_____	96	_____	_____	_____	_____
  9	_____	_____	_____	_____	_____	15	_____
10	_____	_____	_____	_____	_____	_____	45


	2.	The Jones Company has the following cost schedule:

Output	Total Cost
(Units)	($)
    0	3000
  50	3750
100	4275
150	4675
200	5000
250	5300
300	5700
350	6250
400	7050
450	8225

Prepare (a) average total cost and (b) marginal cost schedules for the firm.




Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help