Question: The cost table below has enough information for you to completely fill out the blanks in the five rows (output 0, 1, 2, 3, 4).

The cost table below has enough information for you to completely fill out the blanks in the five rows (output 0, 1, 2, 3, 4). Here is a hint: at Q=4 you are told that AFC is 30. Since AFC=FC/Q, you know that FC must be 120. And, of course FC is the same for all output levels, including zero. Now you have the first column completed!

QFCVCTCMCAFCAVCATC0120210316842430

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