TC=TFC -TVCTVC=TC -TFCAC= TC/OutputAFC=TFC/outputAVC= TVC/outputMC=change in TC/ change in output Based on the data below, answer the

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TC=TFC -TVCTVC=TC -TFCAC= TC/OutputAFC=TFC/outputAVC= TVC/outputMC=change in TC/ change in output

Based on the data below, answer the following questions. IC TV Output Total Cost TVC (RM) AC (units) MC AFC (RM) AVC 1 33 24 2 8 16 4 30 5 7 6 69 4 (a) Complete the following table. (b) Draw the Average Fixed Cost, Average Variable Cost, Average Cost and Marginal Cost curves