Q.
Table 3 shows the behavior of various types of costs in the short run of vinyl floor production.
(a) If the production fixed cost is at RM20 per quantity, what are the missing numbers in Table 3? Copy the Table 3 and fill in the blanks. (15 marks)
(b) By using the completed data in Table 3, plot the Average Total Cost, Average Variable Cost, Average Fixed Cost and Marginal Cost Curves. (10 marks)
(25 marks, 2016 Q4)
A.
(a)
(b)
Ref:
Own Account