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The accompanying table gives cost data for a firm that is selling in a purely competitive market. At 5 units of output, what are the

The accompanying table gives cost data for a firm that is selling in a purely competitive market.


At 5 units of output, what are the average fixed cost, average variable cost, and average total cost?

Total Output 2 w 4 S 6 Total Fixed Cost $50 50 50 50 50 50 50 Total Variable Cost $0 70 120 150 220 300 390 Total Cost $50 120 170 200 270 350 440

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