What is the Total Variable cost for producing 0 toys and why?

2. What is the Average Fixed Cost of producing 500 blankets?

3. Find the MC of producing 100 blankets and 500 blankets.

4. Is this long run or short run schenario? Explain your answer.

Total products (Pillows):____ 0 100 500

Total Fixed Cost:____________- - -

Total Variable Cost: ________ - 2000 5000

Total Cost:__________________- 5000 0