Question: a) Reconstruct the table and fill in the blanks Output, Q Total Variable Total Cost Average Total Marginal Cost Cost Cost 500 4000 6 5000

a) Reconstruct the table and fill in the blanks Output, Q Total Variable Total Cost Average Total Marginal Cost Cost Cost 500 4000 6 5000 7 6500 8 8200 CO 10000 10 13000 b) Calculate the fixed cost for this firm. [2 marks]

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