Question: Total Product Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 0 60 0 45

Total Product

Total Fixed Cost

Total Variable Cost

Total Cost

Average Fixed Cost

Average Variable Cost

Average Total Cost

Marginal Cost

105

145

42.50

150

190

295

Use the definitions for TFC, TVC, TC, AFC, AVC, ATC and SMC along with the data provided above to fill in the missing values.Use space below for worksheet.

means infinitely large.Applicable relationships are:

SAC=AFC+AVC

STCTFC TVC

QQQ

dTVCdTC

SMC= =

dQdQ

cost puzzle 3.docx 5-21

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