Question
1.Fill in the blanks in the table below: Units of Output Fixed Cost Variable Cost Total Cost Marginal Cost Average Fixed Cost Average Variable Cost
1.Fill in the blanks in the table below:
Units of Output
Fixed Cost
Variable Cost
Total Cost
Marginal Cost
Average Fixed Cost
Average Variable Cost
Average Total Cost
0
100
0
100
1
100
25
125
25
100
25
125
2
100
45
145
20
50
22.50
72.50
3
100
57
157
12
33.33
19.00
52.33
4
100
77
177
20
25.00
19.25
44.25
5
100
102
202
25
20.00
20.40
40.40
6
100
136
236
34
16.67
22.67
39.33
7
100
170
270
34
14.29
24.29
38.57
8
100
226
326
56
12.50
28.25
40.75
9
100
298
398
72
11.11
33.11
44.75
10
100
390
490
92
10.00
39.00
49.00
a)Draw a graph that shows marginal cost, average variable cost, and average total cost, with cost on the vertical axis and quantity on the horizontal axis.
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The Great Convergence Information Technology And The New Globalization
Authors: Richard Baldwin
1st Edition
067466048X, 9780674660489
