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1 a. Complete the following cost schedule by computing marginal cost average fixed cost, average variable cost, and average total cos Instructions: Round your responses
1 a. Complete the following cost schedule by computing marginal cost average fixed cost, average variable cost, and average total cos Instructions: Round your responses to the nearest whole number. Average Fixed Cost Average Variable Cost Average Total Cost 6.66 points Rate of Output 0 1 2 8 0021 Total Cost Marginal Cost $300 350 500 700 950 1.250 3 4 5 b. At what output rate is average total cost minimized? units ollowing costs: labor, $2,000; equipment. $1,400, and materials. $1,800. The company owns the building, so it doesn't have to pay the usual $3,200 in rent. Instructions: Enter your responses as a whole number. a. What is the total accounting cost? 2933 b. What is the total economic cost? $ c. If the company sold the building and then leased it back, what would be the change in accounting costs? $ (1) economic costs? structions: Enter your responses as a whole number. Quantity Fixed Cost Variable Cost Total Cost 0 $50 10 20 $10 $30 30 $50 $120 40 $110
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