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Q3. Answer the below questions based on data in the table Annual Output Total Cost Fixed Cost (Repairs Thousands (# Thousands) ($ Thousands) 27010 270

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Q3. Answer the below questions based on data in the table Annual Output Total Cost Fixed Cost (Repairs Thousands (# Thousands) ($ Thousands) 27010 270 427.5 270 10 600 0 270 15 767.5 270 20 940.0 270 25 1,207.5 270 30 1,140.0 270 1,687.5 270 40 1,950.0 270 45 2.227.5 270 2.520.0 270 56 2,827.5 270 60 5,150.0 270 a. Find total variable cost TVC b. Find marginal cost MC c. Find average total cost ATC

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