Thread: Is anyone here good at Economics?

1. Is anyone here good at Economics?

This is my last problem and I can't figure out how to do it to save my life.
https://prntscr.com/503lbb

2. Fixed Cost = \$25000
Variable Cost = \$0, 50000, 85000, 140000, 210000, 315000, 455000 respectively
Total Cost = FC + VC

AFC = Fixed Cost / Quantity of Output
AVC = Variable Cost / Quantity of Output
ATC = Total Cost / Quantity of Output

3. The Following User Says Thank You to Cataclypse For This Useful Post:

(10-26-2014)

4. Originally Posted by Cataclypse
Fixed Cost = \$25000
Variable Cost = \$0, 50000, 85000, 140000, 210000, 315000, 455000 respectively
Total Cost = FC + VC

AFC = Fixed Cost / Quantity of Output
AVC = Variable Cost / Quantity of Output
ATC = Total Cost / Quantity of Output
Thanks so much for the help!

5. Originally Posted by Schuba
Where do I come up with the missing information? Like how do I find the variable cost and such?
Also thanks a lot for helping with this
Variable cost is the Total cost of output - \$25000 whenever the output is greater than 0. Fixed cost is just the cost at 0 output.

6. The Following User Says Thank You to Cataclypse For This Useful Post:

(10-26-2014)

7. Originally Posted by Cataclypse

Variable cost is the Total cost of output - \$25000 whenever the output is greater than 0. Fixed cost is just the cost at 0 output.
Okay awesome THANKS. This helped me so much, I appreciate it.

8. The Following User Says Thank You to Schuba For This Useful Post:

Cataclypse (10-26-2014)

9. this is not economics
this is year 5 mathematics

10. Originally Posted by Schuba
Okay awesome THANKS. This helped me so much, I appreciate it.
No problem buddy! Good luck in Econ

11. Originally Posted by Cataclypse

No problem buddy! Good luck in Econ
Just did the work and got a 100!
@Trollaux tell that to my Microeconomics 201 Professor?

12. Originally Posted by Schuba
Just did the work and got a 100!
@Trollaux tell that to my Microeconomics 201 Professor?
double major in finance and mathematics

13. Originally Posted by Trollaux

double major in finance and mathematics

Good luck once you actually try to apply your knowledge in real-world scenarios.

14. Originally Posted by Trollaux

double major in finance and mathematics

That's awesome, I'm happy for you.
Contrary to your original post though, it's not year 5 mathematics.

15. I am good at economics.....

economically good at fucking your mom

16. Originally Posted by Lucifer.
I am good at economics.....

economically good at fucking your mom
Nice name change, and oh is that so?