Calculate the mc-afc-avc and atc values

Reference no: EM13234470

The costs of producing 0-20 missiles in millions of dollars are listed below.

Number of Drones Total Cost (Millions)
0 33.15
1 40.65
2 47.4
3 52.65
4 57.6
5 62.1
6 66.6
7 71.1
8 75.75
9 80.55
10 85.8
11 91.8
12 98.4
13 105.6
14 114.6
15 124.65
16 136.65
17 150.6
18 168.9
19 191.4
20 221.4

Use the data to compute Marginal Cost (MC), Average Fixed Cost (AFC), Average Variable Cost (AVC) and Average Total Cost (ATC) as a function of the rate of output.
a) Calculate the MC, AFC, AVC and ATC values and show equations for each and plot.

Reference no: EM13234470

Questions Cloud

What is the average time in the queue for each arrival : At a local fast food joint, cars arrive randomly at a rate of 12 every 30 minutes. It takes an average of 2 min to serve each arrival. What is the utilization factor? Given same problem, what is the average time in the queue for each arrival?

Industrialization in great britain and european continent : Compare and contrast industrialization in Great Britain and on the European continent. How were the processes alike? How did they differ? Your answer must consider more than a simple recitation of the timeline of industrialization;

How can organizations in a global market : how can organizations in a global market utilize Enterprise Content Management technology to maintain governance and control over content in ensuring regulatory compliance

Evaluating the effectiveness of a particular method : In a two to three page paper, fully explore the perspectives on forecasting. Be sure to include in your discussion the various methods, their application and how you would go about evaluating the effectiveness of a particular method's output/pred..

Calculate the mc-afc-avc and atc values : Use the data to compute Marginal Cost (MC), Average Fixed Cost (AFC), Average Variable Cost (AVC) and Average Total Cost (ATC) as a function of the rate of output. a) Calculate the MC, AFC, AVC and ATC values

Depict the structure of any d-ketoheptose : Draw the structure of any D-ketoheptose in the open chain form, and answer the following questions (you must use either Haworth projection or chair conformation in each of the points below)

Determine a threshold for annual demand : Flanger is an industrial distributor that source from hundreds of supplier .The two modes of transportation available for inbound shipping are LTL (less-than-truckload) and TL (truck-load).LTL shipping cost $1 per unit, whereas TL shipping cost $4..

Discuss a specific case that defines death : Discuss a specific case that defines death. Is this a universal definition, or should such matters be determined on a case by case basis?

Explain the periodic table with five valence electrons : Give the symbol of the element in the fifth period of the periodic table with five valence electrons, Give the symbol of the element in the fourth period of the periodic table with four 4p electrons

User Account

All Pages