Respuesta :
Answer:
Fixed cost = $10 because there are no Variable costs when Output is 0.
a. Total Variable cost when output is 1.
= 19.76 - 10
= $9.76
b. Average Fixed cost when output is 2.
= 10/2
= $5
c. Average Variable Cost when Output is 3.
= (37.09 - 10) / 3
= $9.30
d. Average Total Cost when output is 4;
= 46.31/4
= $11.58
e. Marginal Cost when output is 5.
= Total cost at 5 - Total cost at 4
= 54.30 - 46.31
= $7.99
Total cost is the sum of all costs incurred by a firm in producing a certain level of output. Even when the output is zero, fixed costs will be present. Total cost is the sum of fixed costs and variable costs.
What is total cost?
Total Cost (TC) in simple terms is all costs incurred in a particular production or partnership in the workplace. In economics, total costs are incurred by Variable costs + and fixed costs.
Variable costs (VC) is a cost depending on how many goods you buy or how much you use the service.
Calculation of the following costs, which are part of the production process:
a. Total Variable cost when output is 1.
[tex]\rm\, Total \;Variable\; Cost = \$9.76 - \$10\\\rm\, Total \;Variable\; Cost = \$9.76[/tex]
b. Average Fixed cost when output is 2.
[tex]\rm\,Average\; Variable \;Cost= \dfrac{10}{2}\\Average \;Variable \;Cost= \$5[/tex]
c. Average Variable Cost when Output is 3.
[tex]\rm\,Average \; Variable \;Cost= \dfrac{(37.09 - 10)}{3}\\\\Average \;Variable \;Cost= \$9.30[/tex]
d. Average Total Cost when output is 4:
[tex]\rm\,Average \;Total \;Cost= \dfrac{46.31}{4}\\\\Average \; Total \;Cost = \$11.58[/tex]
e. Marginal Cost when output is 5:
[tex]\rm\,Mariginal Cost =Total \;cost \;at \;5 - Total\; cost\; at \;4\\\\\rm\,Mariginal Cost = 54.30 - 46.31\\\\\rm\,Mariginal Cost = \$7.99[/tex]
Hence, the costs that are components of the total cost of production are calculated.
To learn more about total cost, refer to the link:
https://brainly.com/question/26034141
