Business economics

Costs Answer

Saddique Ansari • February 04, 2019 • 1 min read

Production costs
Answer.

OUTPUT	PRICE (£000)	FIXED COST	VARIABLE COST	TOTAL COST	AVERAGE COST	MARGINAL COST
0	100	100	0	100
1	90	100	30	130	130	30
2	80	100	58	158	79	28
3	70	100	83	183	61	25
4	60	100	108	208	52	25
5	50	100	153	253	50.6	45
6	40	100	208	308	51.3	55
7	30	100	268	368	52.6	60
8	20	100	368	468	58.5	100

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