Question: The table below shows data for Big Bob's Brewing Company. The quantities are for large vats of beer. a) Fill in the blanks in the

The table below shows data for Big Bob's Brewing Company. The

The table below shows data for Big Bob's Brewing Company. The quantities are for large vats of beer. a) Fill in the blanks in the table. Round your answers to nearest whole number. Output TFC TVC TC AFC AVC ATC MC 7 $ 190 0 $ I 1 $ $ 94 $ $ 2 54 3 44 4 74 5 94 6 120 150 7 184 8 b) At what level of output is average product at a maximum? units c) What is the value of average total cost at this output level? $ d) What is the output at economic capacity? units e) If fixed costs were to double, what would be the marginal cost of the sixth unit of output? $ 0 * EL ENG 20

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