Question
firm's fixed costs for 0 units of output and its average total cost of producing different output levels are summarized in the table below. Complete
firm's fixed costs for 0 units of output and its average total cost of producing different output levels are summarized in the table below. Complete the table to find the fixed cost, variable cost, total cost, average fixed cost, average variable cost, and marginal cost at all relevant levels of output. Instruction: Enter your responses for Average Fixed Cost (AFC) and Average Variable Cost (AVC) rounded to two decimal places. All other responses should be entered as whole numbers. If you are entering a negative number, use a negative sign () where appropriate.
Q | FC | VC | TC | AFC | AVC | ATC | MC |
---|---|---|---|---|---|---|---|
0 | $ 15,000 | - | - | - | - | ||
100 | 300 | ||||||
200 | 200 | ||||||
300 | 175 | ||||||
400 | 225 | ||||||
500 | 325 | ||||||
600 | 400 |
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