Assume that the product is sold for $10 each

(a) The cost of capital is $ _______

(b) Refer to Scenario Table 1. The average variable cost of producing 50 units of output

is:__________

(c ) Refer to Scenario Table 1. The marginal cost of producing the sixty-fifth unit of output is:

_______

(d) Profit is maximized at what level of output : ___________________

(e) Diminishing return sets in from what output level : ____________