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Refer to the table below. Quantity Variable Cost (in dollars) Fixed Costs (in dollars) Total Costs (in dollars) AverageVariable Costs (in dollars per unit) Average

Refer to the table below.

Quantity

Variable Cost

(in dollars)

Fixed Costs

(in dollars)

Total Costs

(in dollars)

AverageVariable Costs

(in dollars per unit)

Average Total Costs (in dollars per unit)

Marginal Costs

(in dollars per unit)

0

0

40

40

- -

- -

- -

1

15

40

55

15

55

15

2

35

40

75

17.5

37.5

20

3

60

40

100

20

33.3

25

4

90

40

130

22.5

32.5

30

5

125

40

165

25

33

35

6

160

40

200

26.6

33.3

35

If the firm produces 5 units that it sells at a price of $30.00 each, what will its profits or losses equal?

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