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Table 1 Output Total Cost MC FC VC AFC AVC ATC 0 $40 10 $60 20 $90 30 $130 40 $180 50 $240 Complete the
Table 1
Output | Total Cost | MC | FC | VC | AFC | AVC | ATC |
0 | $40 |
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10 | $60 |
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20 | $90 |
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30 | $130 |
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40 | $180 |
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50 | $240 |
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- Complete the above table by filling in the empty information. (3 Marks)
- Write each formula you used to answer part (A). (2 Marks)
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