Dromoland is a 16th-century castle turned luxury hotel in Ireland. Suppose the accompanying table lists the...

   

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Dromoland is a 16th-century castle turned luxury hotel in Ireland. Suppose the accompanying table lists the various costs per day associated with each quantity of guests served at Dromoland. Calculate the missing values from the table for marginal cost (MC), average variable cost (AVC), and average total cost (ATC). Quantity Fixed Variable (guests cost cost per day) ($) (S) 2,500 0 2,500 500 2,500 900 2,500 1,200 2,500 1.650 2,500 2,300 2,500 3,300 2,500 4,500 2,500 6,000 2,500 8,500 0 5 10 15 20 25 30 35 40 45 Total Cost ($) 2,500 3,000 100 100 600 3,400 80 90 340 3,700 60 80 247 4,150 90 83 208 4,800 ? ? ? 5,800 200 110 193 MCAVCATC ($) ($) ($) 7,000 ? ? ? 8,500 300 150 213 11.000 ? ? ? MC for the twenty-fifth guest is $ MC for the forty-fifth guest is $ AVC for the thirty-fifth guest is $ ATC for the twenty-fifth guest is $ ATC for the forty-fifth guest is $ 0000 MC for the thirty-fifth guest is S AVC for the twenty-fifth guest is S AVC for the forty-fifth guest is $ ATC for the thirty-fifth guest is S 100 Dromoland is a 16th-century castle turned luxury hotel in Ireland. Suppose the accompanying table lists the various costs per day associated with each quantity of guests served at Dromoland. Calculate the missing values from the table for marginal cost (MC), average variable cost (AVC), and average total cost (ATC). Quantity Fixed Variable (guests cost cost per day) ($) (S) 2,500 0 2,500 500 2,500 900 2,500 1,200 2,500 1.650 2,500 2,300 2,500 3,300 2,500 4,500 2,500 6,000 2,500 8,500 0 5 10 15 20 25 30 35 40 45 Total Cost ($) 2,500 3,000 100 100 600 3,400 80 90 340 3,700 60 80 247 4,150 90 83 208 4,800 ? ? ? 5,800 200 110 193 MCAVCATC ($) ($) ($) 7,000 ? ? ? 8,500 300 150 213 11.000 ? ? ? MC for the twenty-fifth guest is $ MC for the forty-fifth guest is $ AVC for the thirty-fifth guest is $ ATC for the twenty-fifth guest is $ ATC for the forty-fifth guest is $ 0000 MC for the thirty-fifth guest is S AVC for the twenty-fifth guest is S AVC for the forty-fifth guest is $ ATC for the thirty-fifth guest is S 100

Answer rating: 100% (QA)

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