Question: Question 2 Calculate the Total Variable Cost. Average Fixed Cost. Average Variable Cost, Average total Cost and Marginal Cost in the table given below (All

Question 2 Calculate the Total Variable Cost. Average Fixed Cost. Average

Question 2 Calculate the Total Variable Cost. Average Fixed Cost. Average Variable Cost, Average total Cost and Marginal Cost in the table given below (All Cost are given in USD). [2 Marks] Labor Output Total Total (No of (Number Fixed Variable workers) of units) Cost Cost 0 0 150 0 Total Cost MC Average Average Average Fixed Variable total Cost Cost Cost 0 0 0 150 250 1 1 150 100 250 150 100 250 38.75 5 150 325 475 30 65 95 25 N 3 3 8 150 300 450 18.75 37.5 56.25 -12.92 4 10 150 400 550 15 40 55 -0.625 5 11 150 500 650 13.64 45.6 59.1 4.1 Question 2 Calculate the Total Variable Cost. Average Fixed Cost. Average Variable Cost, Average total Cost and Marginal Cost in the table given below (All Cost are given in USD). [2 Marks] Labor Output Total Total (No of (Number Fixed Variable workers) of units) Cost Cost 0 0 150 0 Total Cost MC Average Average Average Fixed Variable total Cost Cost Cost 0 0 0 150 250 1 1 150 100 250 150 100 250 38.75 5 150 325 475 30 65 95 25 N 3 3 8 150 300 450 18.75 37.5 56.25 -12.92 4 10 150 400 550 15 40 55 -0.625 5 11 150 500 650 13.64 45.6 59.1 4.1

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