From your knowledge of the relationships among the various cost func.pdf

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From your knowledge of the relationships among the various cost functions, complete the following table. Can someone please help me with this. I have no clue how to do this....Thank you!QTTCTFCTVCATCAFCAVCMC01251052010.50301104022550360370580295 Solution Since TFC is not given, hence I assumed it to be zero. TTC = TFC +TVC Since TFC = 0 TTC = TVC Now, average cost curves: ATC = TTC/Q AVC = TVC/Q Finally, MC = TCn - TCn-1QTTCTFCTVCATCAFCAVCMC01250125---- 10130013013013520210021010.50010.50803011001103.6703.67- 1004022502255.62505.625115501500150303- 756015301532.5502.5537035003505051978029502953.687503.6875-55.

From your knowledge of the relationships among the various cost functions, complete the
following table.
Can someone please help me with this. I have no clue how to do this....Thank
you!QTTCTFCTVCATCAFCAVCMC01251052010.50301104022550360370580295
Solution
Since TFC is not given, hence I assumed it to be zero.
TTC = TFC +TVC
Since TFC = 0
TTC = TVC
Now, average cost curves:
ATC = TTC/Q
AVC = TVC/Q
Finally,
MC = TCn - TCn-1QTTCTFCTVCATCAFCAVCMC01250125----
10130013013013520210021010.50010.50803011001103.6703.67-
1004022502255.62505.625115501500150303-
756015301532.5502.5537035003505051978029502953.687503.6875-55

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