# Economics

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PROBLEM SOLVING 1: "ANDREA'S SOFTWARE BUSINESS"
I. Complete the following table: DO THE MATH
Data
Number of Programs Total Fixed Costs Total Variable Costs Total Costs Marginal Costs Average Fixed Costs Average Variable Costs Average Total Costs
0 \$60 \$0 \$60 ----- ----- ----- -----
1 \$60 \$45 \$105 \$45 \$60 \$45 \$105
2 \$60 \$85 \$145 \$40 \$30 \$ \$70
3 \$60 \$120 \$180 \$ \$20 \$40 \$60
4 \$60 \$60 \$120 \$ \$15 \$15 \$30
5 \$60 185 \$245 \$ \$12 \$37 \$49
6 \$60 \$225 \$285 \$ \$10 \$37.50 \$47.50
7 \$60 270 \$330 \$45 \$8.57 \$ \$
8 \$60 \$325 \$385 \$ \$7.5 \$40.625 \$48.125
9 \$60 \$390 \$450 \$ \$6.66 \$43.33 \$50
10 \$60 465 \$525 \$ \$6 \$46.50 \$52.50

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