Types of Costs

Costs 17
0
16
0
150
140
13
012
011
0
10
0
90
80
70
6
0
50
40
30
2
0
10

1 2 3 4 5 6 7 8 9 1 Output
 Output
Ql TP MP AP
(# of
workers)
(output) ( TP
Ql
) ( TP
Q
)
l

14
1 2
2 5 12

3 9 10

4 12 8

5 1 6
4
6 1 4
5
7 1 2
31
8
0 1 2 3 4 5 6 7 8 Ql
 Ql TVC MC
TP MP AP AVC
(# of (Ql X
(output)
workers) WR) ( Q) ( TV ) (Q) ( TV )
Q
l Q
C Ql CQ
0 0 Quantity of capital:
3 machines.
100 6
200 1 Wage Rate: $10/hr
0
300 13
400 1
7
500 2
3
600 3
2
700 44
800 62