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V-tech is a purely competitive firm that produces cordless phones and incurs a fixed cost of $300 daily.Assume the market price for a cordless phone

V-tech is a purely competitive firm that produces cordless phones and incurs a fixed cost of $300 daily.Assume the market price for a cordless phone is $200.

Complete the table below.

Output TVC TFC TC ATC AVC AFC MC

0 0.00

1 100.00

2 150.00

3 210.00

4 290.00

5 400.00

6 540.00

7 720.00

8 950.00

9 1,240.00

10 1,600.00

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