In the table below, compute average fixed cost, average variable cost, and average total cost for all rates of output and answer questions about average costs. a. Compute average fixed costs, average variable costs, and average total cost for all rates of output. Instructions: Round your responses to two decimal places. Rate of Output Fixed Costs Average Fixed Cost Variable Costs Average Variable Cost Average Total Cost Total Cost 0 $90 $0 $90 10 90 50 140 15 90 72 162 20 90 95 185 30 90 110 200 40 90 150 240 50 90 200 290 51 90 300 390 Saved a. Complete the following table. Instructions: Round your responses to the nearest dollar. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Rate of Output Total Cost Marginal Cost Average Total Cost 0 $47 1 60 $ 13 $ 60 2 87 $ 27 3 130 4 190 5 260 b. What output has the lowest per-unit cost equal to marginal cost? units c. What is the value of fixed costs? $ < Prev 5 of 9 Next > Problem 05-06 algo Refer to the cost table below and answer two questions about profit. Average Total Cost Rate of Output Fixed Costs 0 $ 120 Variable Costs $ 0 Total Cost $ 120 10 120 85 205 $ 20.50 15 120 125 245 16.33 20 120 150 270 13.50 30 120 240 360 12.00 40 120 350 470 11.75 50 120 550 670 13.40 51 120 633 753 14.76 Saved Compute total profits at a price of $20 per pair of jeans and output of Instructions: Enter your responses as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. 15 pairs. $ b. 40 pairs. $ Prev 7 of 9 Next >