Question: Given the following table: OUTPUT TOTAL COST I] 50 59 El? 74 80 8? 95 mU'I-h-MMl Part 1: The TVC oi producing 1'1 units of

 Given the following table: OUTPUT TOTAL COST I] 50 59 El?74 80 8? 95 mU'I-h-MMl Part 1: The TVC oi producing 1'1

Given the following table: OUTPUT TOTAL COST I] 50 59 El? 74 80 8? 95 mU'I-h-MMl Part 1: The TVC oi producing 1'1 units of output is I 80 I Part 2: The AFC of producing 5 units of output is: I Number I Part 3: The marginal cost of producing the frh unit of output is: I TI" Part 4: The ATC of producing 5 units of output is: I 17.4 I Using the data in the table below, answer the following questions: Total Product Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost [I $0 25!] | Number 1 1 Si] 43!] 251] 180 431] | Number 2 250 500 125 125 250 | | Number 3 I 450 I run ' 33.33 I 1511 233333333

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