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Answer the following blanks: The table below shows some of the costs of production for a the Clean-Cut Chain Saws manufacturing company: a) Complete the

Answer the following blanks:

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The table below shows some of the costs of production for a the Clean-Cut Chain Saws manufacturing company: a) Complete the table. Round your answers to nearest whole numbers. Total Output Total Cost Variable Marginal Average Average Average Cost Cost Total Cost Variable Cost Fixed Cost 0 $ 2, 510 $ 3, 430 $ $ $ $ 2 4, 050 W 4, 510 4 4, 920 5 5, 230 5, 540 7 6, 300 00 7, 300 9 , 700 b. What is the value of total fixed cost? $ c. What is the most productive level of output? units d. At what output is economic capacity? Output: units e. If TFC doubled, what is the marginal cost of the 8th unit? Marginal cost: $

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