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Given the cost information below, answer the following questions. Total Cost $50 59.76 69.06 Output 1 2 3 77.9 86.31 94.3 4 Instructions: Round your
Given the cost information below, answer the following questions. Total Cost $50 59.76 69.06 Output 1 2 3 77.9 86.31 94.3 4 Instructions: Round your answers to 2 decimal places. a. When output is 1, total variable cost is $ b. When output is 2, average fixed cost is $ c. When output is 3, average variable cost is $ d. When output is 4, average total cost is $ e. When output is 5, marginal cost is $
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