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Question: home insert page layout formulas data review view power pivot...

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Home Insert Page Layout Formulas Data Review View Power Pivot Tell me what you want t Problem 34 (10 points total Use the data in the following table to answer the following questions and draw some cost relationships Total Total Fixed Variable Total Total Variable Fixed Marginal Average Average Average Output Costs Costs Costs Cost Costs Costs Costs TFC ATC AVCA TC AFC MC 0 100 90 170 240 300 370 450 540 4 6 780 930 10 Calculate the values that belong in the shaded area in the above table. Place thosevalues, using excel, in the table. b. In a single picture plot columns Q, TFC, TVC and TC. In a single picture plot the colomns, Q, ATC, ACV, AFC, and MC. A business should shut its doors if price falls below minimum AVC, at what value of output are AVC at their minimum? for prices greater than mimum ATC this firm can make a profit. At what output level does this firm begin to make a profit?
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