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Microeconomics

Seat Work

COST OF PRODUCTION
Q TFC TVC TC MC AFC AVC ATC
78 420 525 945 0 5.38 6.73 12.11
112 420 798 1218 8.03 3.75 7.13 10.88
265 420 936 1356 0.90 1.58 3.53 5.11
339 420 1256 1676 4.32 1.24 3.71 4.95
477 420 2799 3219 11.18 0.88 5.87 6.75
582 420 3008 3428 1.99 0.72 5.17 5.89
665 420 4288 4708 15.42 0.63 6.45 7.08
780 420 5367 5787 9.38 0.54 6.88 7.42
920 420 6249 6669 6.3 0.46 6.79 7.25

Formulas:
TC = TFC + TVC
MC = TC2 - TC1 / Q2 - Q1
AFC = TFC / Q
AVC = TVC / Q
ATC = AFC + AVC

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