3. The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $30. Fill in Table 7.16 for total cost, average variable cost, average total cost, and marginal cost. Quantity 0 1 2 3 4 5 6 Variable Cost 0 $10 $25 $45 $70 $100 $135 Fixed Cost $30 $30 $30 $30 $30 $30 $30 Total Cost Average Variable Cost Average Total Cost Marginal Cost

3. The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $30. Fill in Table 7.16 for total cost, average variable cost, average total cost, and marginal cost. Quantity 0 1 2 3 4 5 6 Variable Cost 0 $10 $25 $45 $70 $100 $135 Fixed Cost $30 $30 $30 $30 $30 $30 $30 Total Cost Average Variable Cost Average Total Cost Marginal Cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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