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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