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The following table shows the total fixed and variable costs of a firm. Complete the table. Round your answers to two decimal places. Use the
The following table shows the total fixed and variable costs of a firm. Complete the table. Round your answers to two decimal places. Use the TC/Q method. Output TFC ($) TVC ( $) TC ($) AFC ($) AVC ($) ATC ($) MC ( $ ) 1 800 310 1110 800 310 1110 1110 2 800 550 1350 400 275 675 240 3 800 780 1580 266.66 260 526.6 230 800 1, 000 1800 200 250 450 220 800 1, 800 2600 160 360 520 800 800 3 , 500 4300 133.3 583.3 716.6 1700 800 5 , 350 6150 114.2 764.2 878.5 1850
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