micro economics

b. The table below shows the costs of production data of a firm producing bicycles. Output Total Total Cost Average Average Marginal (Units) Variable (RM) Variable Total Cost Cost Cost Cost (RM) (RM) (RM) (RM) 0 200 - 100 180 250 310 380 460 550 660 (i) State the value of the firm's total fixed cost. Give one example of fixed cost relevant to this firm. (2 marks) (ii) Based on the information provided, complete the table above by computing the firm's Total Costs, Average Variable Costs, Average Total Costs and Marginal Costs at all level of output. (2 marks) 12