Refer to the table below. Fixed Costs (in dollars) Cost Quantity (in 0 1 2 3...

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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 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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