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

$1.99

0

0

  426




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April 12, 2012

MS excel

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