1. (the table is attached below) Complete the following table of various types of cost for a firm in the short run. Assume that Total Fixed Cost equals $100.
2. What do you notice about the shape of Average Fixed Cost that differs from the other per unit costs such as Average Variable Cost and Average Total Cost? What is the relationship between Marginal Cost and both Average Variable and Average Total Cost?

ing Online 1. Complete the following table of various types of cost for a firm in the short run. Assume ex that Total Fixed Cost equals $100. Materials Table relating Measures of Cost to level of Output Total Quantity of Variable Total |Marginal Average Average | Average Output Fixed Cost Variable Total Cost Cost Cost Cost Cost 1 $20 2 $35 3 $45 $60 5 $80 5 $105 $140 8 $185 9 $250 10 $340 What do you notice about the shape of Average Fixed Cost that differs from the other per unit costs such as Average Variable Cost and Average Total Cost? What is the relationship between Marginal Cost and both Average Variable and Average Total Cost