Question: Problem-solving question: Use the following data on a firm's total cost schedules to calculate its average variable cost, average fixed cost, average total cost, and

Problem-solving question: Use the following data on a firm's total cost schedules to calculate its average variable cost, average fixed cost, average total cost, and marginal cost schedules.

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Output	Total Cost	Total Variable Cost	Total Fixed cost
1	$2040	$40	$2000
2	$2070	$70	$2000
3	$2090	$90	$2000
4	$2160	$160	$2000
5	$2275	$275	$2000

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