Question: Costs for producing gaskets are shown in the table below. Labor Quantity Fixed Cost Variable Cost Total Cost Marginal Cost Average Total Cost 0 0

Costs for producing gaskets are shown in the table below. Labor Quantity Fixed Cost Variable Cost Total Cost Marginal Cost Average Total Cost 0 0 $ 50 $ 0 $ 50 1 10 $ 50 $ 30 $ 80 2 24 $ 50 $ 60 $ 110 3 49 $ 50 $ 90 $ 140 4 70 $ 50 $ 120 $ 170 5 82 $ 50 $ 150 $ 200 Calculate the average total cost for producing 82 gaskets. Round your answer to the nearest hundredth. Provide your answer below

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