QUESTION 7

When Ajax Co. produced 3 units of output per week, its total fixed cost was $100 and total variable cost was $45. When output increased to 4 units per week, total fixed cost remained at $100 and total variable cost increased to $60.

When output was 4 units per week, total cost was $

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.(Enter your response as an integer.)

When output was 4 units per week, average variable cost was $

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.(Enter your response as a real number rounded to two decimal places.)

When output was 4 units per week, average fixed cost was $

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.(Enter your response as a real number rounded to two decimal places.)

When output was 4 units per week, average total cost was $

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.(Enter your response as a real number rounded to two decimal places.)

The marginal cost of producing the fourth units was $

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.(Enter your response as a real number rounded to two decimal places.)