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Rabbit Speed provides meal delivery services, and the meal delivery service industry is perfectly competitive. Rabbit Speed only xed cost is $100 per day. The

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Rabbit Speed provides meal delivery services, and the meal delivery service industry is perfectly competitive. Rabbit Speed only xed cost is $100 per day. The variable cost (VG) consists of wages paid to the workers and gasoline. The variable cost per day associated with each level of output is given in the accompanying table. Quantity of Meals V0 0 $0 10 $200 20 30 40 50 (i) Calculate the total cost, the average variable cost, the average total cost, and the marginal cost for each quantity of output. (4 marks) AVG of meal ATc of meal __ -_ $200 $20.00 -I_ $300 $15.00 $2000 $480 $16.00 $19. $700 $1?.50 $20.00 $1.000 . . $20.00

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