When Charlie's Chocolates makes 48 boxes a day, the TFC $50 at an average fixed cost is $1.04 per box and TVC is $150 with the average variable cost being $3.13 per box and total cost is $20. Therefore, average total cost is $4.17 per box. As marginal cost is the increase in total cost divided by the increase in output, when output increases from 24 to 48 boxes a day and total cost increases from $150 to $200. The increase in output of 24 boxes increases total cost by $50. Marginal cost is equal to $50 divided by 24 boxes or $2.08 a box.
|
Labour
|
Output
|
TFC
|
TVC
|
TC
|
MC
|
AFC
|
AVC
|
ATC
|
|
0
|
0
|
50
|
0
|
50
|
0
|
0
|
0
|
|
|
1
|
12
|
50
|
50
|
100
|
|
|
|
|
|
2
|
24
|
50
|
100
|
150
|
|
|
|
|
|
3
|
48
|
50
|
150
|
200
|
2.08
|
1.04
|
3.13
|
4.17
|
|
4
|
84
|
50
|
200
|
250
|
|
|
|
|
|
5
|
132
|
50
|
250
|
300
|
|
|
|
|
|
6
|
192
|
50
|
300
|
350
|
|
|
|
|
|
7
|
240
|
50
|
350
|
400
|
|
|
|
|
|
8
|
276
|
50
|
400
|
450
|
|
|
|
|
|
9
|
300
|
50
|
450
|
500
|
|
|
|
|
|
10
|
312
|
50
|
500
|
550
|
|
|
|
|
Now I have all the data and I believe it is correct. The only issue I have is when I put the information into excel, my curves are no upward sloping and I am unsure of what I am doing wrong. Is my data in the wrong tables?