Table 3.a.

Cases of LED light bulbs produced in an hour	Total Cost	Variable Costs a.	Average Variable Costs b.	Average Total Costs c.	Average Fixed Cost d.
0	$4,500		n/a	n/a	n/a
10	$4,900
20	$5,100
30	$5,300
40	$5,400
50	$5,700
60	$6,700
70	$7,900
80	$9,700
90	$11,800

e. Given the information you computed in Table 3.a., what is the minimum cost output level? Explain why.

4. Brenda Smith operates her own farm raising chickens and producing eggs. She sells her eggs at the local farmers' market where there are several other egg producers also selling eggs by the dozen. (Brenda operates in a perfectly competitive market in which she is a "price taker.") In order to make sure she does not lose money on selling eggs, she does an analysis of her costs for producing eggs as shown on Table 4.a.