c) Using the farm cost and quantity estimates, find FC. VC, ATC, AFC, AVC, and MC. Firm q (bushels) TC FC 10 500 1,000 1

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C Using The Farm Cost And Quantity Estimates Find Fc Vc Atc Afc Avc And Mc Firm Q Bushels Tc Fc 10 500 1 000 1 1 (53.76 KiB) Viewed 31 times

c) Using the farm cost and quantity estimates, find FC. VC, ATC, AFC, AVC, and MC. Firm q (bushels) TC FC 10 500 1,000 1,500 2,000 2.500 3.000 3,500 4.000 4.500 5.000 5,500 6,000 6,500 7,000 7.500 8,000 8,500 9,000 19.500 10,000 Graph ATC, AFC, AVC, and MC. 125.00 83000 $15.00 $10.00 $0:00 $10,000.00 $10.127.50 $10.505.00 $11,132.50 $12.010.00 $13.137.50 $14.515.00 $16.142.50 $18.020.00 $20.147.50 $22.525.00 $25,152.50 $28,030.00 $31.157.50 $34,535.00 $38,162.50 $42.040.00 $46,167.50 $50,545.00 $55.172.50 $60,050.00 1.000 4,000 1,000 8.000 10000 1000 Qarty <-NC-N Quantity From VC 4,000 e) Based on your answers in part c, between which quantities should the farm aim to produce? Quantity From $0.00 $10,000,00 $10,000.00 $127.50 $20.26 $20.00 $7.42 $6.67 $10,000.00 $505.00 $10.51 $10.00 $10,000.00 $1,132.50 $10,000.00 $2,010.00 $10,000.00 $3,137.50 $10,000.00 $4,515.00 $10,000.00 $6,142.50 $10,000,00 $8,020,00 $10,000.00 $10,147.50 $10,000.00 $12.525.00 $10,000,00 $15,152.50 $10,000.00 $18,030,00 $10,000.00 $21.157.50 $10,000.00 $24,535.00 $10,000.00 $28,162.50 $10,000.00 $32,040.00 $10,000.00 $36,167.50 $10,000.00 $40,545.00 $10,000.00 $45,172.50 $10,000.00 $50,050.00 4,000 ATC Quantity To 5,000 bushels Quantity To AFC $6.01 $5.26 $4.84 $4.61 $4.51 $4.48 $4.51 $4.57 $4.67 $4.79 $4.93 $5.09 55.26 $5.43 55.62 $5.81 $6.01 5,000 bushels $5.00 $4.00 $3.33 $2.86 $2.50 $2.22 $2.00 $1.82 $1.67 $1.54 d) Based on your answers in part e, between which quantities is ATC minimized? Assume that given the opportunity, the firm would want to produce more instead of less. $1.43 $1.33 $1.25 $1.18 $1.11 $1.05 $1.00 AVC $0.26 $0.51 $0.76 $1.01 $1.26 $1.51 $1.76 $2.01 $2.26 $2.51 $2.76 $3.01 $3.26 $3.51 $3.76 $4.01 $4.26 $4.51 $4.76 $5.01 MC $0.26 $0.76 $1.26 $1.76 $2.26 $2.76 $3.26 $3.76 $4,26 $4.76 55.26 $5.76 $6.26 $6.76 $7.26 $7.76 58.26 $8.76 $9.26 $9.76