Question: a. Complete the following cost schedule by computing marginal cost, average fixed cost, average variable cost, and average total cost Instructions: Round your responses to

a. Complete the following cost schedule by computing marginal cost, average

a. Complete the following cost schedule by computing marginal cost, average fixed cost, average variable cost, and average total cost Instructions: Round your responses to the nearest whole number. Rate of Output 0 Total Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost $300 1 350 2 500 3 4 800 1,100 1,600 5 b. At what output rate is average total cost minimized? units

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