Cost of production spreedsheet | Economics homework help

Output Total Variable Cost
0 $  0
1 $ 50
2 $ 90
3 $120
4 $160
5 $220
6 $300
7 $400
8 $520
9 $670
10 $900

 

  1. Given the above variable cost data and assuming fixed costs equal the value of the last three digits ($###) of your MDC student ID, create a file using Excel that lists Output, Fixed Cost, Variable Cost, Total Cost, Average Fixed Cost, Average Variable Cost, Average Total Cost, and Marginal Cost.  The Excel table should be constructed using formulas wherever calculations are required.  An example of the table is presented on page 266 of your textbook.  The formulas required are summarized on page 274.
  2. Using Excel, plot FC, VC, and TC in Graph A and AFC, AVC, ATC, and MC in Graph B.

 

 

ps: the last 3 student ID # is 182

& the formula required from page 274 is in the book Principles of Microeconomics

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