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Assignment 1

This document contains production cost data for a company across various output levels. It includes tables showing the variable costs, fixed costs, total costs, average costs and marginal costs as output is increased. Graphs are also included plotting these different cost measures against output.

Uploaded by

Ahmad Mav
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© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
18 views

Assignment 1

This document contains production cost data for a company across various output levels. It includes tables showing the variable costs, fixed costs, total costs, average costs and marginal costs as output is increased. Graphs are also included plotting these different cost measures against output.

Uploaded by

Ahmad Mav
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SUBJECT

Business Economics

SUBMITTED TO

Dr. Saleem

NAME: VOHRA MUHAMMAD AHMED


STUDENT ID # 20181-23437
PRODUCTION COST DATA ACQUIRED
Variable Total
Output Fixed Cost
Cost Cost
25 1000 2500 3500
50 1250 2500 3750
65 1300 2500 3800
75 1425 2500 3925
100 2000 2500 4500
150 4000 2500 6500
200 6000 2500 8500
225 8000 2500 10500
250 10000 2500 12500
265 12500 2500 15000
300 22000 2500 24500

30000

25000

20000

15000

10000

5000

0
25 50 65 75 100 150 200 225 250 265
OUTPUT

Variable Cost Fixed Cost Total Cost


AVERAGE COSTS CALCULATED
Average Fixed Average Variable Average Total
Cost Cost Cost
100 40 140
50 25 75
38.46153846 20 58.46153846
33.33333333 19 52.33333333
25 20 45
16.66666667 26.66666667 43.33333333
12.5 30 42.5
11.11111111 35.55555556 46.66666667
10 40 50
9.433962264 47.16981132 56.60377358
8.333333333 73.33333333 81.66666667

90

80

70

60

50

40

30

20

10

0
25 50 65 75 100 150 200 225 250 265

OUTPUT
Average Fixed Cost Average Variable Cost Average Total Cost
MARGINAL COST
Marginal
Cost
-
10
3.333333333
12.5
23
40
40
80
80
166.6666667
271.4285714

300

250

200

150

100

50

0
25 50 65 75 100 150 200 225 250 265

OUTPUT
Marginal Cost
Average Total Cost VS Marginal Cost
300

250

200

150

100

50

0
25 50 65 75 100 150 200 225 250 265

OUTPUT
Average Total Cost Marginal Cost

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