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April 21, 2014

Homework Help: economics

Posted by Anonymous on Thursday, October 27, 2011 at 3:36pm.

A firm has fixed costs of $30.00 and variable costs as indicated in the table below. Complete the table.

Instructions: Round your answers so that you enter no more than 2 decimal places.

Total Product Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost
0 $ $ 0.00 $
1 40.00 $ $ $ $
2 77.50
3 110.00
4 140.00
5 175.00
6 215.00
7 260.00
8 315.00
9 380.00
10 455.00

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