L(Students

Q(Production)

FC(Mower)

VC/TVC

AFC

AVC

TC

MC

ATC

0

0

200

0

200

1

20

200

40

10.00

2.00

240

2.00

12.00

2

44

200

80

4.55

1.82

280

1.67

6.36

3

70

200

120

2.86

1.71

320

1.54

4.57

4

94

200

160

2.13

1.70

360

1.67

3.83

5

114

200

200

1.75

1.75

400

2.00

3.51

6

118

200

240

1.69

2.03

440

10.00

3.73

FC = 200

VC = 40 x L

AFC = FC/Q

AVC = VC/Q

ATC = TC/Q

TC = FC + VC

MC= TVC/Q

Check that the gap between total cost and total variable cost is the

same at all output levels.

The gap is exactly $200.

Explain why this relationship is so important and demonstrate clear insightful and critical thinking. *looking for a solution to this question