Question

A firm has fixed costs of $60 and variable costs as indicated in the table below. Calculate the other costs.

Instructions:
Round your answers so that you enter no more than 2 decimal places.
Total Product  Total Variable Cost
0 ............... 0
1 ............. 45
2 ............. 85
3 .............. 120
4 .............. 150
5 .............. 185
6 .............. 225
7 .............. 270
8 .............. 325
9 .............. 390
10 ............ 465
Calculate
Total Fixed Cost,
Total Cost,
Average Fixed Cost,
Average Variable cost,
Average Total Cost, and
Marginal Cost



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  • CreatedApril 12, 2012
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