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Given the following dataOutputTotal cost 6 14 20 24 30 45 60 What is the value of total fixed cost? _______ What is the value

Given the following dataOutputTotal cost

  1. 6
  2. 14
  3. 20
  4. 24
  5. 30
  6. 45
  7. 60
  8. What is the value of total fixed cost? _______
  9. What is the value of total variable cost when output= 4? _______
  10. What is the value of average total cost when output equals 6?______
  11. What is the marginal cost of the fifth unit?_______
  12. At what level of output is marginal cost at its minimum value? _____
  13. IF P=$5 what is the level of output?_____
  14. If P=$7 what is the level of output? _____
  15. If P=$15, What is the level of output ?

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