Question
The table below refers to the production cost of Syarikat Sonata Enterprise. Quantity Fixed Cost Variable...
The table below refers to the production cost of Syarikat Sonata Enterprise.
|
Quantity |
Fixed Cost |
Variable Cost |
Total Cost |
Average Total Cost |
Marginal Cost |
|
0 |
100 |
0 |
- |
- |
|
|
1 |
20 |
||||
|
2 |
35 |
||||
|
3 |
50 |
50 |
|||
|
4 |
100 |
150 |
37.5 |
0 |
|
|
5 |
-10 |
||||
|
6 |
100 |
-12 |
Based on the table, answer the following questions.
a) Complete the table above. (1/2 mark for each correct answer = Total 10 marks)
b) Calculate the Average Variable Cost (AVC) and Average Fixed Cost (AFC) at 2nd unit of the product. (Marking Scheme = 2 marks for each = 4 marks)
c) Is the firm operating in the short-run or long run? Give your reason.
d) Sketch the TC, FC, ATC and MC curves in a diagram. (I mark for each diagram = Total 4 marks)
Homework Answers
Answer #1
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