Question: Question #2 A) Complete the table below by filling in the columns of FC, TC, AFC, AVC, ATC, and MC. VC TC AFC AVC ATC

Question #2 A) Complete the table below by filling in the

Question #2 A) Complete the table below by filling in the columns of FC, TC, AFC, AVC, ATC, and MC. VC TC AFC AVC ATC MC Q 0 FC 60 1 2 3 4 45 85 120 150 185 5 B. Assume that the total cost function is give by TC= 130 + 0.50 1) How much the fixed cost.... 2) How much the variable cost at Q= 70........... 3) Use the above equation to fill in the blank, given the following values of Q Q TC MC ATC 10 20 30

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