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What is the total cost of producing 4 units of output? Show all of your work and/or explain your calculation process to earn full credit.

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What is the total cost of producing 4 units of output? Show all of your work and/or explain your calculation process to earn full credit. TFC TVC TC AFC AVC ATC MC 0 $60 $0 $60 - 80 $60 $20 $80 $20 2 30 30 15 45 45 105 20 15 20 35 35 135 195 12 39What is the average fixed cost of the 4th unit of output? Show all of your work and/or explain your calculation process to earn full credit. Q TFC TVC TC AFC AVC ATC I MC C $60 $0 $60 80 $60 $20 $80 $20 30 30 15 45 U A W N - 45 105 20 15 20 35 35 135 195 12 39What is the average variable cost of producing 5 units of output? Show all of your work and/or explain your calculation process to earn full credit. Q TFC TVC TC AFC AVC ATC MC 0 $60 $0 $60 80 $60 $20 $80 $20 W N - 30 30 15 45 45 105 20 15 4 20 35 35 5 135 195 12 39

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