Question
Given the following information for a restaurant, what is this firm's ATC, MC and TC at...
Given the following information for a restaurant, what is this firm's ATC, MC and TC at Q = 0, 1, 2, 3, and 4?
Building lease = $600
Interest owner could have earned on funds invested in business = $400
Food per meal = $500 / meal
Servers for each meal = $400/ meal
Time owner spends at each meal = $100/meal
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Similar Questions
Given the following information for a restaurant, what is this firm's ATC, MC and TC at...
Given the following information for a restaurant, what is this
firm's ATC, MC and TC at Q = 0, 1, 2, 3, and 4?
Building lease = $600
Interest owner could have earned on funds invested in business =
$400
Food per meal = $500 / meal
Servers for each meal = $400/ meal
Time owner spends at each meal = $100/meal
Given the following information for a restaurant, what is this firm's ATC, MC and TC at...
Given the following information for a restaurant, what is this
firm's ATC, MC and TC at Q = 0, 1, 2, 3, and 4?
Building lease = $600
Interest owner could have earned on funds invested in business =
$400
Food per meal = $500 / meal
Servers for each meal = $400/ meal
Time owner spends at each meal = $100/meal
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Output
MC
VC
FC
TC
ATC
AFC
AVC
ATC-AVC
0
$6,000
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$10
200
$2,500
300
$10,500
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$36.25
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$45
600
$20,000
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Q
TC
TFC
TVC
ATC
AFC
AVC
MC
0
$2,500
--
25
20.00
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TP
TFC
TVC
TC
AFC
AVC
ATC
MC
150
0
(1)
(11)
(21)
(31)
(41)
2
150
70
(2)
(12)
(22)
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3
150
130
(3)
(13)
(23)
(33)
(43)
4
150
240
(4)
(14)
(24)
(34)
(44)
5
150
300
(5)
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(25)
(35)
(45)
6
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(6)
(16)
(26)
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7
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(27)
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Q TC MC TR AVC ATC Total Profit or Loss 0 3750 --- 0 --- ---...
Q
TC
MC
TR
AVC
ATC
Total Profit or Loss
0
3750
---
0
---
---
-3750
250
7500
3750
500
8500
7500
9.50
17.00
-1000
750
9000
11250
1000
10250
15000
6.50
10.25
4750
1250
12875
10.50
18750
7.30
10.30
1500
16500
14.50
22500
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1750
21625
20.50
26250
10.21
12.36
4625
2000
28125
26.00
30000
12.91
14.06
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