Complete the table and answer the question a) What happens to the average variable cost, when the quantity produced is equal to 2 Explain your answer in detail quantity produced Total Variable Cost Average Variable Cost Total cost Average Total Cost Marginal cost 0 $0 $10 1 $4 $14 2 $6 $16 3 $11 $21 4 $28 $38 5 $46 $56

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Question: Complete the table and answer the question: a) What happens to the average variable cost, when the quantity produced is equal to 2? Explain your

Complete the table and answer the question: a) What happens to the average variable cost, when the quantity produced is equal to 2? Explain your answer in detail.

quantity produced	Total Variable Cost	Average Variable Cost	Total cost	Average Total Cost	Marginal cost
0	$0		$10
1	$4		$14
2	$6		$16
3	$11		$21
4	$28		$38
5	$46		$56

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