# Finding MP, FC, MC, AVC and ATC

Consider a firm that has just built a plant, which cost $20,000. Each worker costs $5.00 per hour. Based on this information and using Excel, fill in the missing information in the table below.

Number of Worker Hours Output Marginal Product Fixed Cost Variable Cost Total Cost Marginal Cost AVC ATC

0 0 -- 20,000 -- -- --

50 400 20,250

100 900 20,500

150 1300 20,750

200 1600 21,000

250 1800 21,250

300 1900 21,500

350 1950 21,750

https://brainmass.com/economics/pricing-output-decisions/finding-mp-fc-mc-avc-and-atc-226224

#### Solution Preview

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Solution

Hours Output Marginal Product Fixed Cost Variable Costs Total Cost Marginal Cost AVC ATC

0 0 -- 20000 0 20,000 ...

#### Solution Summary

Solution describes the steps and formulas for calculating Marginal Product, Variable Costs, Marginal Costs, Average Variable Costs and average total costs based upon information provided.