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Smith Electronics has a fixed cost of $2,000. The company's total variable costs for each level of output (quantity) are as follows: Output (quantity). TVC

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Smith Electronics has a fixed cost of $2,000. The company's total variable costs for each level of output (quantity) are as follows: Output (quantity). TVC TC AFC AVC ATC MC $1,000 2 1,600 2,000 2,600 5 3,400 4,800 In a table (using the information), provide the Total Cost, Average Fixed Cost, Average Variable Cost, Average Total Cost, and Marginal Cost at each quantity (level of output)

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