Question: A company has a cost structure described in the table below. Using your knowledge of the types of costs involved in a production process, fill

A company has a cost structure described in the table below. Using your knowledge of the types of costs involved in a production process, fill in the blanks in the table.

Quantity produced Total Cost Total Fixed Cost Total Variable Cost Average Total Cost Average Fixed Cost Average Variable Cost Marginal Cost
0 100 0 - - - -
1 160
2 80
3 65
4 10
5 120
6 40
7 180
8 30
9 421
10 100

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