Quantity of cars

Total Cost

0

$500,000

1

$540,000

2

$560,000

3

$570,000

4

$590,000

5

$620,000

6

$660,000

7

$720,000

8

$800,000

9

$920,000

10

$1,100,000

Quantity of cars

Total Cost

Marginal Cost

b.

Variable Cost

c.

Average Variable Cost

d.

Average Total Cost

e.

Average Fixed Cost

f.

0

$500,000

—

—

—

—

—

1

$540,000

2

$560,000

3

$570,000

4

$590,000

5

$620,000

6

$660,000

7

$720,000

8

$800,000

9

$920,000

10

$1,100,000

Unit  _7_  Practice Assignment Grading Rubric

Content

Percent Possible

Points Possible

Full assignment

100%

40

Overall Writing:

20%

8

correct coversheet information at the top of 1st page

5%

2

APA format for answers

3%

1

correct citations

3%

1

standard English no errors

4%

2

At least ONE, or more, references

5%

2

Answers:  provides complete information demonstrating analysis and critical thinking:

80%

32

Individual Questions:

Calculate this manufacturer’s fixed cost

8%

3

1. b. – Calculate this manufacturer’s marginal cost. 

8%

3

1. c. – Calculate this manufacturer’s variable cost.

8%

3

1. d. – Calculate this manufacturer’s average variable cost.

8%

3

1. e. – Calculate this manufacturer’s average total cost.

8%

3

1. f. – Calculate this manufacturer’s average fixed cost

8%

3

1. g. – Identify this manufacturer’s minimum cost output level.

8%

3

2. a. – What is your average cost?

8%

3

2. b. – What is the average total cost of 5th widget, (marginal cost of $5) why has it changed?

8%

3

2. c. – What is the average total cost of 5th widget, (marginal cost of $20) why has it changed?

8%

3