Solve for letters A, B, and C. Q TFC AFC TVC AVC…
Solve for letters A, B, and C. Q TFC AFC TVC AVC TC ATC MC 0 1000 X 0 X X X 20 1000 70 40 1000 110 B 60 1000 140 80 1000 160 A 100 1000 200 120 1000 C 240 Formulas: MU = change in TU / change in Q MPP of Labor = change in Q / change in L TC = TFC + TVC or TC = ATC x Q MC = change in TC / change in Q AFC = TFC/Q AVC = TVC/Q ATC = TC/Q or ATC = AFC + AVC TR = P x Q (that’s Price x Quantity) MR = change in TR / change in Q Profit / Loss = TR – TC TVC = AVC x Q