Question: note : i need answer done paper briefly with all calculations done its is important. 2.The table below shows a car manufacturer's total cost of

  1. note : i need answer done paper briefly with all calculations done its is important.
  2. 2.The table below shows a car manufacturer's total cost of producing cars. (9 points)

Q TC (in thousands) TVC AVC AFC ATC MC
0 $500
1 540
2 560
3 570
4 590
5 620
6 660
7 720
8 800
9 920
10 1,100

  1. What is this manufacturer's fixed cost?
  2. For each level of output, calculate the total variable cost (VC), average variable cost (AVC), the average total cost (ATC), the average fixed cost (AFC), and the marginal cost (MC).
  3. What is the efficient capacity? If there is any.
  4. In one diagram, draw the manufacturer's AVC, ATC, and MC curves.

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