Solve the problems below:

(1.)

Output Total Cost ($)

0 10

1 20

2 28

3 38

4 53

5 73

6 98

Refer to the above table. The total fixed cost of production is?

(2.)

Output Total Cost ($)

0 10

1 20

2 28

3 38

4 53

5 73

6 98

Refer to the above table. The total variable cost of producing 5 units would be?

(3.)

A new computer lets a phlebotomist finish a blood draw in 10 minutes. The supplies for each draw cost $4, and the phlebotomist earns $20 per hour. The phlebotomy lab is designed to accommodate 20,000 draws per year. Its rent is $80,000 per year. What is the marginal cost of a blood draw?