Question: Short-Run Relationships-Average Costs Exercise 1 (Algo) The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 200,


Short-Run Relationships-Average Costs Exercise 1 (Algo) The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 200, and 500. Complete the table by filling in the average fixed cost, average variable cost, and average total cost. Instructions: Round your answers to 2 decimal places. Vintage Model Car Production Costs es Total Fixed Cost Total Variable Total Cost Average Fixed Average Variable Average Total Output (dollars) Cost (dollars) (dollars) Cost (dollars) Cost (dollars) Cost (dollars) 0 $1, 500 $0 $1, 500 100 1, 500 600 2, 100 200 1, 500 1, 100 2, 600 500 1, 500 4, 150 5, 650
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