Question: Refer to the table below. Fixed Costs (in dollars) Cost Quantity (in 0 1 2 3 4 5 dollars) 0 15 35 60 90
Refer to the table below. Fixed Costs (in dollars) Cost Quantity (in 0 1 2 3 4 5 dollars) 0 15 35 60 90 125 40 O losses equal $30 O profits equal $70 profits equal $30 O losses equal $70 40 40 Total Costs (in dollars) 40 40 40 40 55 75 100 Average Total Costs 130 165 (in dollars per (in dollars per unit) unit) 55 37.5 20 25 30 35 6 160 40 200 33.3 26.6 40 If the firm produces 5 units that it sells for $39.00 each, what will its profits or losses equal? Average Variable Costs 33.3 32.5 33 15 17.5 20 Marginal Costs (in dollars per unit) 22.5 25 15
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