A company is developing a new machine and its average expected cost of production is expected to fall as it follows Wright Leaning curve.

Total research and evaluation cost (R &E) (fixed) =$100million

Below are variable cost not included in $100 million

The expected average cumulative cost of the first 100 machines = $3.00m

The expected average cumulative cost of the first 300 macines=$1.90m

And Learning rate is 85.88%

Fill the blank spaces in below table

Average Variable Total # of machines Average Fixed Costs Average Total Cost Total R&E Cost Marginal Cost* 1 2 4 Question 16 8 Question 12 16 Question 14 Question 18 *The marginal cost, given the functional form of the learning curve, is (b+1)*(average variable cost). Average Variable Total # of machines Average Fixed Costs Average Total Cost Total R&E Cost Marginal Cost* 1 2 4 Question 16 8 Question 12 16 Question 14 Question 18 *The marginal cost, given the functional form of the learning curve, is (b+1)*(average variable cost)