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Assume the following cost data are for a purely competitive producer. Complete the table for full marks. Note: Keep as much precision as possible during

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Assume the following cost data are for a purely competitive producer. Complete the table for full marks. Note: Keep as much precision as possible during your calculations. Your final answers should be accurate to at least two decimal places. Total Product Average Fixed Average Average Total Cost Variable cost Cost Total Cost Marginal Cost 70 51 35 50 23.33 49 17.5 48 14 47 11.67 46 10 45.58 8.75 45.51 7 46.01 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

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