Question: Total Total Fixed Total Total Cost Average Average Average Marginal Product Cost Variable Fixed Cost Variable Total Cost Cost Cost Cost 0 0 1 85

Total Total Fixed Total Total Cost Average Average Average Marginal Product Cost Variable Fixed Cost Variable Total Cost Cost Cost Cost 0 0 1 85 2 27.50 55 3 75 18.33 43.33 4 22.50 5 115 11 6 25.833 35 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 II II STC TFC TVC

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