Question

The table shows the cost schedule for Eclipse Enterprise.

Output (Unit)	Total Fixed Cost (RM)	Total Variable Cost (RM)	Total Cost (RM)	Average Fixed Cost (RM)	Average Variable Cost (RM)	Average Cost (RM)	Marginal Cost (RM)
0			20
1			50
2			70
3			86
4			110
5			150
6			206
7			270

Question: Complete the following cost schedule for Eclipse Enterprise.      

My answer table below: (if my answer table wrong, pls correct it. If possible show calculate getting answer. Thanks)

Output (Unit)	Total Fixed Cost (RM)	Total Variable Cost (RM)	Total Cost (RM)	Average Fixed Cost (RM)	Average Variable Cost (RM)	Average Cost (RM)	Marginal Cost (RM)
0	20	0	20	0	0	0	0
1	20	30	50	20	30	50	30
2	20	50	70	10	25	35	20
3	20	66	86	6.67	22	28.67	16
4	20	90	110	5	22.5	27.5	24
5	20	130	150	4	26	30	40
6	20	186	206	3.33	31	34.3	56
7	20	250	270	2.86	35.71	38.57	64

Answer 1

Answer;

Your calculations are absolutely correct.

Total Cost= Fixed Cost+Variable Cost

Marginal Cost= Change in Cost/Change in quantity

Fixed Cost is always fixed during the production.

Average Fixed Cost= Fixed Cost/Quantity

Variable Cost= Total Cost-Fixed Cost

Average Variable Cost= Variable Cost/ Quantity

Average Total cost=Total Cost/Quantity

Output	Total Fixed Cost	Total Variable Cost	Total Cost	Average Fixed Cost	Average Variable Cost	Average Cost	Marginal Cost
0	20	0	20	20/0=0	0	20/0=0	-
1	20	30	50	20/1=20	30/1=30	50/1=50	(30-0)/(1-0)=30
2	20	50	70	10	25	35	20
3	20	66	86	6.67	22	28.67	16
4	20	90	110	5	22.5	27.5	24
5	20	130	150	4	26	30	40
6	20	186	206	3.33	31	34.3	56
7	20	250	270	2.86	35.71	38.57	64