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The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 250, and 500. Instructions: Enter your answers
The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 250, and 500. Instructions: Enter your answers as a whole number. a. Complete the table by filling in the average fixed cost, average variable cost, and average total cost. Vintage Model Car Production Costs Total Fixed Cost Total Variable Total Cost Average Fixed Average Variable Average Total Output dollars) Cost (dollars) (dollars) Cost (dollars) Cost (dollars) Cost (dollars) 0 $2 , 500 $2 , 500 100 2, 500 700 3,200 250 2, 500 1, 500 1, 000 500 2, 500 ,000 , 50 b. Graph the average fixed cost, average variable cost, and average total cost curves from the data in the table. Instructions: Use the tools provided "Avg. Fixed Cost," "Avg. Var. Cost," and "Avg. Total Cost" to plot each line point by point (3 points for each curve; 9 points total). Vintage Model Car Costs Tools 1 Avg. Fixed Co Avg. Var. Cost Avg. Total Co: TFC, TVC, TC (dollars) O O 100 200 300 400 500 600 Quantity of Model Cars Produced
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