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Costs for producing bags of sunflower seeds are shown in the table below. Labor Quantity Fixed Cost Variable Cost Total Cost Marginal Cost Average Total
Costs for producing bags of sunflower seeds are shown in the table below. Labor Quantity Fixed Cost Variable Cost Total Cost Marginal Cost Average Total Cost 0 0 $ 50 $ 0 $ 50 1 10 $ 50 $ 30 $ 80 2 24 $ 50 $ 60 $ 110 3 49 $ 50 $ 90 $ 140 4 70 $ 50 $ 120 $ 170 5 82 $ 50 $ 150 $ 200 Calculate the average total cost for producing 70 bags of sunflower seeds. Round your answer to the nearest hundredth. Provide your answer below
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