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Table 3 represents the various cost of production for Company Mega Bhd. Table 3 Output Total Total Total Average Average Cost Fixed Variable Fixed Cost
Table 3 represents the various cost of production for Company Mega Bhd. Table 3 Output Total Total Total Average Average Cost Fixed Variable Fixed Cost Variable Cost Cost Cost 0 50 50 0 1 125 75 2 150 3 175 4 200 5 225 6 250 7 275 8 300 a. Complete the table above. (4 points) (Instruction: Draw a complete table that consist of the TFC, TVC, AFC & AVC in the answer booklet) b. Compute the Marginal Cost (MC) of the firm at 5 units of output. (2 points) C. In one diagram, sketch the Average Variable Cost(AVC), Average (4 points) Cost(AC) and Marginal Cost(MC)
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