Table : TABLE 7-3 Short-Run Average Costs for Noelle’s Farm
Quantity of trees Q Variable cost VC Total cost TC Short-run average variable cost of tree
AVC = VC/Q
Short-run average total cost of tree
ATC = TC/Q
10 $160.00 $300.00 $16.00 $30.00
20 220.00 360.00 11.00 18.00
30 300.00 440.00 10.00 14.67
40 420.00 560.00 10.50 14.00
50 580.00 720.00 11.60 14.40
60 780.00 920.00 13.00 15.33
70 1,020.00 1,160.00 14.57 16.57