Associated costs and revenues are presented below:

o 1 2 3 4 5 6 Total cost $1 ,ooo 1150 1400 1700 1600 2100 3000 Average Marginal cost total cost 150 250 300 -100 500 900 1150 700 566.67 400 420 500 Average var cost 150 125 100 -25 100 150 Average fixed cost ooo 500 333 250 200 167 Marginal Revenue 300 300 300 300 300 300