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how to solve the table Answer all the questions below 1 a) Complete the following table. AVC (RM) AFC (RM) Output (unit) TVC (RM) TC

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how to solve the table

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Answer all the questions below 1 a) Complete the following table. AVC (RM) AFC (RM) Output (unit) TVC (RM) TC (RM) MC (RM) ATC (RM) 150 100 105. 160 83.34 No 200 260 -17.50 LO 340 440 - 81.70 560 87:14 700 93.75 b) What is the fixed cost faced by the firm? c) Suppose that the firm decided to increase its production from 5 to 6 units, how will this affect total cost? d) Draw a graph without scale to show the relationship between AP, MP and AVC, MC

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