Question: 2. Given the following short-run cost data: Output 0 1 2 3 4 5 6 Total Cost 24 33 41 48 54 61 69 (a)

2.

Given the following short-run cost data:

Output

0

1

2

3

4

5

6

Total Cost

24

33

41

48

54

61

69

(a) Calculate the total variable cost of producing 5 units.

(b) Calculate the marginal cost of producing the 6th unit

(c) Calculate the average fixed costs of producing 4 units.

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