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    Calculating ATC, AVC, AFC and MC at a given level of output

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    Use the total cost (TC) schedule that is presented in the table below to calculate average total cost, average variable cost, average fixed cost, and marginal cost when output (Q) is equal to 5.

    Q 0 1 2 3 4 5 6 7 8 9
    TC 5 7 8 10 14 20 28 38 50 72

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    https://brainmass.com/business/business-management/calculating-atc-avc-afc-mc-given-level-output-306008

    Solution Preview

    Please refer attached file for better clarity of table.

    Q TC FC TVC=TC-FC
    0 5 5 0
    1 7 5 2
    2 8 5 3
    3 10 ...

    Solution Summary

    The solution describes the steps to calculate ATC, AVC, AFC and MC at a given level of output.

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