Question #2001074: Other Economics Problems


Question: Assume a firm has fixed costs of $80 and variable costs as indicated in the table below. Complete the cost table.

Total

Total variable Total

product cost cost AFC AVC ATC MC

0 $ 0 $ 80

1 110 190

2 150 230

3 180 260

4 220 300

5 270 350

6 340 420

7 440 520

8 580 660

Solution: The solution consists of 138 words (1 page)
Deliverables: Word Document

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