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Average Average Quantity Variable Costs Marginal Fixed Costs Total Costs Total Costs Variable Costs Costs 0 o 40 40 -- 1 15 40 55 55

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Average Average Quantity Variable Costs Marginal Fixed Costs Total Costs Total Costs Variable Costs Costs 0 o 40 40 -- 1 15 40 55 55 15 15 2 35 40 75 37.5 17.5 20 3 60 40 100 33.3 20 25 4 4 90 40 130 32.5 22.5 30 un 125 40 165 33 25 35 6 160 40 200 33.3 26.6 40 Refer to the table. If the firm produces 5 units that it sells at a price of $30.00 each, what will its profits or losses equal? losses equal $25 al O profits equal $s O losses equal $5 O profits equal $25

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