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Review Question 9-36 A firm has fixed costs of $60 and variable costs as indicated in the table below. Complete the table. Instructions: Round
Review Question 9-36 A firm has fixed costs of $60 and variable costs as indicated in the table below. Complete the table. Instructions: Round your answers so that you enter no more than 2 decimal places. Answer is not complete. Total Product 3 4 5 6 7 8 9 10 Total Fixed Cost S60 60 e 60 e 60 60 60 e 60 e 60 e 60 e 60 e 60 e Total Variable Cost so 45 85 120 150 185 225 270 325 390 465 Average Total Cost Fixed Cost IOS e 145 e 180 e 210 e 285 e 310 e 385 e 450 e 525 e 60.00 e 300 e 200 e 15.00 1200 10.00 8.57 e 7.50 e 687 e 6.00 e Average Variable Cost 45.00 e 42.50 e 40.00 e 3780 e 37'0 e 37.50 e 3875 40.63 e 43.33 e 46.50 e Average Total Cost 105.00 72.50 e 60.00 e 52.25 49'0 e 47.50 e 47.14 e 48
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