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COSTS OF PRODUCTION 15. Total Cost of 5 units = 1. Total fixed Cost of 5 units = 16. Total Variable Cost of 5 units

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COSTS OF PRODUCTION 15. Total Cost of 5 units = 1. Total fixed Cost of 5 units = 16. Total Variable Cost of 5 units = 2. Total fixed Cost of 7 units = 17. Average fixed Cost of 2 units = 3. Average fixed Cost of 7 units = 18. Average Variable Cost of 9 units = 4. Marginal Cost of 6th unit = 5. Total Cost of 5 units = 19. Marginal Cost of 4th unit = 6. Total Variable Cost of 5 units = 20. Total Cost of 5 units = 7. Average Variable Cost of 2 units = 21. Average Cost of 5 units = 8. Average Variable Cost of 9 units = 22. Average Cost of 5 units = 9. Marginal Cost of 2nd unit = 23. Total Variable Cost of 5 units = 10. Marginal Cost of 9th unit = 24. Marginal Cost of 5th unit = 11. Total fixed Cost of 5 units = 25. Total fixed Cost of 20 units = 12. Total fixed Cost of 7 units = 26. Marginal Cost is greatest for which quantity? 13. Average fixed Cost of 7 units = 14. Marginal Cost of 4th unit = NAME: A.M. Horowitz FILE:T/COSTS 1-99 QUANTITY TOTAL COST 0 6000 6200 6800 7680 9120 1 1000 13200 17500 22000 30000

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