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4. Various measures of cost Suppose the imaginary company of Roobek is a small, Cedar Rapids-based American apparel manufacturer specializing in athleisure. The following table
4. Various measures of cost
Suppose the imaginary company of Roobek is a small, Cedar Rapids-based American apparel manufacturer specializing in athleisure. The following table presents the brand's total cost of production at several different quantities.
Fill in the remaining cells of the following table.
Quantity | Total Cost | Marginal Cost | Fixed Cost | Variable Cost | Average Variable Cost | Average Total Cost |
---|---|---|---|---|---|---|
(Pairs) | (Dollars) | (Dollars) | (Dollars) | (Dollars) | (Dollars per pair) | (Dollars per pair) |
0 | 60 | |||||
1 | 155 | |||||
2 | 220 | |||||
3 | 255 | |||||
4 | 300 | |||||
5 | 350 | |||||
6 | 450 | |||||
Only aswner the chart given. Please give step by step on how you come with each aswner!
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