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Consider the table below to answer the question that follows: TFC TVC TC AFC AVC ATC MC 500 0 500 5 500 - 10 510
Consider the table below to answer the question that follows: TFC TVC TC AFC AVC ATC MC 500 0 500 5 500 - 10 510 15 500 20 520 30 500 30 530 40 500 40 540 45 500 50 550 47 500 60 560 48 500 70 570 What is the value of the average fixed costs (AFC) when Q is equal to 40? Enter the number below. Do not include a dollar sign. You will not need to round, but you may need to include one digit after the decimal point.What is the value of the average variable costs (AVC) when Q is equal to 40? Enter the number below. Do not include a dollar sign. You will not need to round, but you may need to include one digit after the decimal point.What is the value of the average total costs (ATC) when Q is equal to 40? Enter the number below. Do not include a dollar sign. You will not need to round, but you may need to include one digit after the decimal point.What is the value of the marginal cost (MC) when Q is equal to 40? Enter the number below. Do not include a dollar sign. You will not need to round, but you may need to include one digit after the decimal point
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