Using Excel, calculate all cost curves using a range of quantity from 0 to 15.
Total cost
Total fixed Cost
Total variable cost
Average total cost
Average fixed cost
Average variable cost
Marginal cost

Plot these curves on graphs
Compare the cost curves and discuss their characteristics.

Solution Summary

Cost curves are calculated and graphed in excel. These cost curves are compared and discussed. The curve curves are total cost, total fixed cost, total variable cost, average total cost, average fixed cost, average variable cost, and marginal cost.

... To calculate the average and marginal costs, use the following ...Using the numbers in the tables, plot the different cost curves using Excel graphing features ...

... service is not intended to be used as "homework ... in BLUE are 'solutions' or answers provided using Excell See ... As an alternative you may use Excel spreadsheet in ...

... TC for each value of Q (see Excel file): ... Corporation has estimated the company's cost function, using the times TC ... for quanties 1 to 10 b. Calculate the average ...

... We can see these effects if we make an indifference curve using the two ...Use the same logic as for #4. ... You can have excel do this for you by 70 to each price in ...

... 0.8P or P=70-1.25Q In the same way, we can also calculate the Marginal ... 56-0.8P)=P/( P-70) Actually you can all check these equations using the excel table I ...

... Now we can use this simplified equation to determine data points to graph ... (see the Excel file for ... B. Calculate the quantity demanded at prices of $5, $4 and $3 ...

... "Linear programming is used to obtain ... 6 How does one use Excel (or other comparable software ... Scatter diagram using Excel: First, the two variables (input data ...

... file) 5) Solve this optimization problem using Excel Solver. ...calculated in part 5 above.) Use either marginal analysis or your Excel spreadsheet model ...