Assignment 2: LASA 1: The Costs of Production
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JosephFarmsInc.CostandRevenueData.docxTable-1: Joseph Farms, Inc., Cost and Revenue Data
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Output Level |
Price per unit |
Total Fixed Cost |
Total Variable Cost |
Total Cost |
Average Fixed Cost |
Average Variable Cost |
Average Total Cost |
Marginal Cost |
Marginal Revenue |
Total Revenue |
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$ - |
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NA |
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1 |
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$ 113.00 |
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2 |
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$ 213.00 |
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3 |
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$ 300.00 |
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4 |
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$ 375.00 |
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5 |
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$ 463.00 |
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6 |
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$ 563.00 |
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7 |
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$ 675.00 |
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8 |
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$ 813.00 |
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9 |
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$ 975.00 |
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10 |
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$ 1,163.00 |
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