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

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    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

    © BrainMass Inc. brainmass.com October 10, 2019, 1:19 am ad1c9bdddf
    https://brainmass.com/economics/output-and-costs/calculating-tfc-avc-tvc-tc-atc-atc-and-mc-329565

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    Solution:

    Please refer attached file for better clarity of table and formula.

    Number of worker hours Output TFC TVC TC MC AFC AVC ATC
    0 0 4000 0 ...

    Solution Summary

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

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