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When Charlie's Chocolates makes 48 boxes a day, the TFC $50 at an average fixed cost is $1.04 per box and TVC is $150 with the average variable cost being $3.13 per box and total cost is $20. Therefore, average total cost is $4.17 per box. As marginal cost is the increase in total cost divided by the increase in output, when output increases from 24 to 48 boxes a day and total cost increases from $150 to $200. The increase in output of 24 boxes increases total cost by $50. Marginal cost is equal to $50 divided by 24 boxes or $2.08 a box.
Labour
Output
TFC
TVC
TC
MC
AFC
AVC
ATC
0
50
1
12
100
2
24
150
3
48
200
2.08
1.04
3.13
4.17
4
84
250
5
132
300
6
192
350
7
240
400
8
276
450
9
500
10
312
550
Now I have all the data and I believe it is correct. The only issue I have is when I put the information into excel, my curves are no upward sloping and I am unsure of what I am doing wrong. Is my data in the wrong tables?
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