could you calulate the total, average variable, and average cost, when a company marginal cost of production is $5.00 per unit and fixed costs are $20.00

Sure! To calculate the total cost, average variable cost, and average cost, we need to understand a few key concepts first.

1. Total Cost (TC): This is the sum of fixed costs (FC) and variable costs (VC). It represents the total expense incurred by a company to produce a certain quantity of goods or services.

2. Average Variable Cost (AVC): This is the variable cost per unit, calculated by dividing the total variable cost by the total quantity produced.

3. Average Cost (AC): This is the total cost per unit, calculated by dividing the total cost by the total quantity produced.

Now, let's calculate each of these values using the given information:

Fixed Costs (FC) = $20.00
Marginal Cost of Production (MC) = $5.00

To calculate the total cost (TC), we need the quantity produced. Let's assume the quantity is Q units.

Variable Costs (VC) = MC * Q
Total Cost (TC) = FC + VC

To calculate average variable cost (AVC), we divide the total variable cost (VC) by the quantity produced (Q):
AVC = VC / Q

To calculate average cost (AC), we divide the total cost (TC) by the quantity produced (Q):
AC = TC / Q

Now, let's plug in the given values and do the calculations:

VC = MC * Q = $5.00 * Q
TC = FC + VC = $20.00 + ($5.00 * Q)
AVC = VC / Q = ($5.00*Q) / Q = $5.00
AC = TC / Q = ($20.00 + ($5.00 * Q)) / Q = $20.00/Q + $5.00

So, the total cost is $20.00 + ($5.00 * Q).
The average variable cost is $5.00.
The average cost is $20.00/Q + $5.00.

Please note that the average cost may vary depending on the quantity produced (Q).