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HCA-530-RS-SupplyandProductionCosts.docx
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Supply and Production Costs Comment by Chris Moore: "Supply and Production Costs" resource: There are two versions of this in the Documents folder, but they are the same. This one has a proper filename, but it looks like the other was the one you have worked on. Both of them have been edited, so I'd retain the one with the correct filename and delete the other.

Given the following data, calculate the total fixed total variable and marginal costs at each level of production.

Quantity

Total Cost

Total Fixed Cost

Total Variable Cost

Average Total Cost

Marginal Cost

0

$100

1

$20

2

$30

3

$100

4

$75

© 2019. Grand Canyon University. All Rights Reserved.

©

2019

. Grand Canyon University. All Rights Reserved.

Supply and Production Costs

Given the following data, calculate the total fixed total variable and marginal costs at each level

of production.

Quantity

Total Cost

Total Fixed

Cost

Total Variable

Cost

Average

Total Cost

Marginal

Cost

0

$100

1

$20

2

$30

3

$100

4

$75

© 2019. Grand Canyon University. All Rights Reserved.

Supply and Production Costs

Given the following data, calculate the total fixed total variable and marginal costs at each level

of production.

Quantity Total Cost Total Fixed

Cost

Total Variable

Cost

Average

Total Cost

Marginal

Cost

0 $100

1 $20

2 $30

3 $100

4 $75