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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Douglas Fur (DF) is a small manufacturer of fake-fur boots. Its total cost of production is given in the following table. Fill in the remaining cells of the table Note: The table is worth a total of 13 points. You receive 1 point for each of the six cells in the marginal cost column that you fill in correctly. You also receive 1 point for each row of the table that you fill in correctly from the fixed cost column to the average total cost column. Missing one of the four cells in a row will result in an incorrect mark for the entire row Quantity of Output, Q (Pairs) Total Cost TC FC + VC Marginal Cost Fixed Cost Variable Cost Average Average Total VC of Pair Variable Cost of Pair AVC = VC/Q FC Cost ATC = TC/Q 120 210 270 315 380 475 630 4 6
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