Draw TFC, TC, and TVC on one chart. Label your graph correctly. (Y-axis: Costs, X-axis: Output) Draw
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Draw TFC, TC, and TVC on one chart. Label your graph correctly. (Y-axis: Costs, X-axis: Output)
Draw AFC, ATC, AVC, and MC on one chart. Label your graph correctly: (Y-axis: Costs, X-axis: Output)
in Microsoft excel if possible
Labor/ hours of work (input) | Cakes (output) | TVC | TFC | TC | AFC | AVC | ATC | MC |
0 | 0 | 60 | 60 | |||||
3 | 15 | 15 | 60 | 75 | 4 | 1 | 5 | 1 |
6 | 27 | 30 | 60 | 90 | 2.22 | 1.11 | 3.33 | 1.25 |
9 | 35 | 45 | 60 | 105 | 1.71 | 1.29 | 3 | 1.88 |
12 | 40 | 60 | 60 | 120 | 1.5 | 1.5 | 3 | 3 |
15 | 42 | 75 | 60 | 135 | 1.43 | 1.79 | 3.21 | 7.5 |
18 | 43 | 90 | 60 | 150 | 1.4 | 2.09 | 3.49 | 15 |
21 | 41 | 105 | 60 | 165 | 1.46 | 2.56 | 4.02 | 7.5 |
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