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1. ### How to calculate Marginal Cost in Economics when given AFC, AVC and Q?

... costs are \$10,100 (101 widgets times AFC of \$100). This total, because it represents fixed costs...

2 Answers · Social Science · 21/09/2009

2. ### Find the AVC, AFC, ATC, and MC. Help me.?

... when you produce zero. AVC = (total costs - 25,000)/output AFC = FC/output = 25,000/output MC = extra cost from producing 1000...

1 Answers · Social Science · 14/03/2014

3. ### Economics (ATC Function; AFC Function; AVC Function)?

...(Q) / Q = 0.003Q^2 - .36Q + 20 + 200 / Q AFC (Q) = 200 / Q (since total FC = 200) AVC (Q) = 0...

2 Answers · Social Science · 28/09/2010

4. ### What principle explain why AFC declines as output increases?

Because fixed cost is fixed. It does not increase with quantity. And AFC=FC/Q, FC is constant.

1 Answers · Social Science · 27/01/2014

5. ### How to calculate the AFC, ATC, AVC and MC in economics?

....But the formulas are the following- 1.AFC = TFC/Q 2.ATC =TC/Q 3.AVC = TVC...

2 Answers · Social Science · 21/04/2013

6. ### A firm is producing 8 units of output,TC=\$25,000 and AVC=\$2,800. what is AFC?

We know: TC=FC+VC AFC=FC/Q AVC=VC/Q, so VC=Q*AVC...

1 Answers · Social Science · 11/10/2011

7. ### how to calculate average fixed costs (AFC) given total cost (TC) and marginal cost (MC)?

... cost for outputs 1,2,and 3 gives us 180+180+180 = 540. AFC therefore is 540/6=90.

2 Answers · Social Science · 15/06/2010

8. ### Why does the AFC curve continually decline (and get closer and closer to the quantity axis)?

...long as fixed costs remain the same, this is true by definition. AFC = TFC/output In this formula, TFC is constant, as output...

1 Answers · Social Science · 05/10/2009

9. ### Given a cubic total cost function, find TFC, TVC, MC, and AFC?

TFC = 0 TVC =bq + cq^2 + dq^3 =400q - 50q^2 + 5q^3 AVC = 400- 50q +5q^2 AFC =0 ATC =AVC MC = dTVC/dq = 400 -100q +15q^2

2 Answers · Social Science · 25/10/2013

10. ### Why does the afc in this problem = 4?

...cost NEVER changes, it's fixed. So to find the AFC you simply divide that number by how much output you have, in this case 10. 40/10...

1 Answers · Social Science · 03/05/2010