# Calculating TFC, AVC, TVC, TC, ATC, ATC and MC

Consider a firm that has just built a small plant, which cost $4,000. Each unit requires $2.00 worth of materials. Each worker costs $7.00 per hour. Based on this information and using Excel, fill in the missing information in the table below.

Number of worker hours Output Fixed Cost TVC TC MC AFC AVC ATC

0 0

50 400

100 900

150 1300

200 1600

250 1800

300 1900

350 1950

#### Solution Summary

Solution describes the formulas and methodology to calculate TFC, AVC, TVC, TC, ATC, ATC and MC for the given firm.