Calculating Marginal Costs With Excel
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Using the given table, find the quantity where MC = ATC. Find the quantity where ATC is at its minimum.
Find the quantity that is the most efficient operating point for the firm.
The table
Output Costs TFC TVC AFC AVC ATC MC
0 $100
1 $150
2 $225
3 $230
4 $300
5 $400
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Solution Summary
This solution shows how to use Excel to instantly and accurately solve problems that require the calculation of fixed, variable, and marginal costs from minimal data.
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