Question: Normal E No Spacing Heading 1 Heading 2 Paragraph Styles I 1- The Go Out Ski Company manufactures skis for beginners. Fixed costs are $30.

 Normal E No Spacing Heading 1 Heading 2 Paragraph Styles I

Normal E No Spacing Heading 1 Heading 2 Paragraph Styles I 1- The Go Out Ski Company manufactures skis for beginners. Fixed costs are $30. Fill out the table below for total cost, average variable cost, average total cost, and marginal cost. Average Variable Fixed Total Average Total Quantity Cost Cost Cost Variable Cost Cost Marginal Cost 0 0 $30 30 $10 $30 40 10 40 10 2 $25 $30 55 12.5 27.5 15 $45 $30 75 15 25 20 $70 $30 100 17.5 25 25 5 $100 $30 130 20 26 30 $135 $30 165 22.50 27.5 35 2-A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital and

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