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The table below shows some of the costs of production for a the Clean-Cut Chain Saws manufacturing company: a) Complete the table. Round your answers
The table below shows some of the costs of production for a the Clean-Cut Chain Saws manufacturing company: a) Complete the table. Round your answers to nearest whole numbers. Total Variable Average Average Average Output Total Cost Cost Marginal Cost Total Cost Variable Cost Fixed Cost $ 2,100 $ 1 3,300 1200 $ $ $ $ 2 4,400 100 w 5 ,400 100 4 6,200 300 6,600 100 6 7,000 400 7,506 50 8, 200 700 9,200 b. What is the value of total fixed cost? $ c. What is the most productive level of output? units d. At what output is economic capacity? Output: units e. If TFC doubled, what is the marginal cost of the 8th unit? Marginal cost: $
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