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Total Output Total Costs $10 18 21 23 24 26 29 33 38 44 10 51 1. What are the Fixed Costs of Production? 2.

Total Output Total Costs $10 18 21 23 24 26 29 33 38 44 10 51 1. What are the Fixed Costs of Production? 2. What is the Marginal Costs of producing the 7th item? 3. What is the Average Fixed Cost of producing the 10th item? 4. If the Marginal Revenue was $5 how many units would be produced to maximize profit? 5. What is the Average Total Cost of at the profit maximizing point of production 6. What would be the Total Profit of the level of production in question #4

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