Table : TABLE 7-3 Short-Run Average Costs for Jennifer and Jason’s Farm
Quantity of tomatoes Q (bushels)Variable cost VCTotal cost TCShort-run average variable cost of bushel AVC = VC/QShort-run average total cost of bushel ATC = TC/Q
1$16.00$30.00$16.00$30.00
2 22.00 36.00 11.00 18.00
3 30.00 44.00 10.00 14.67
4 42.00 56.00 10.50 14.00
5 58.00 72.00 11.60 14.40
6 78.00 92.00 13.00 15.33
7102.00116.00 14.57 16.57