Question: 1. Complete the following table. Total Fixed Variable Total Average Average Average Marginal Product Cost Cost Cost Total Fixed Variable Cost Cost Cost Cost 0

1. Complete the following table. Total Fixed Variable Total Average Average

Average Marginal Product Cost Cost Cost Total Fixed Variable Cost Cost Cost

1. Complete the following table. Total Fixed Variable Total Average Average Average Marginal Product Cost Cost Cost Total Fixed Variable Cost Cost Cost Cost 0 100 0 1 100 90 2 100 170 3 100 240 4 100 300 5 100 360 6 100 450 7 100 540 8 100 650 9 100 780 10 100 930

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.