4. Complete the missing entries in the following table. Labor 1 2 3 4 5 Total Product 15 40 55 70 TVC 200 800 1000 TC 1000 1400 1600 AFC 53.3 12.3 AVC 13.3 10.0 10.9 12.3 14.3 ATC MC
4. Complete the missing entries in the following table. Labor 1 2 3 4 5 Total Product 15 40 55 70 TVC 200 800 1000 TC 1000 1400 1600 AFC 53.3 12.3 AVC 13.3 10.0 10.9 12.3 14.3 ATC MC
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![4. Complete the missing entries in the following table.
Labor
1
2
3
4
5
Total
Product
15
40
55
70
TVC
200
800
1000
TC
1000
1400
1600
AFC
53.3
12.3
AVC
13.3
10.0
10.9
12.3
14.3
ATC
MC](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F153a5c00-9fe8-4dc2-ae6b-bdd1a996badc%2F59916f78-c395-4854-bbb2-c1d9ca8284be%2F6nsdkc7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. Complete the missing entries in the following table.
Labor
1
2
3
4
5
Total
Product
15
40
55
70
TVC
200
800
1000
TC
1000
1400
1600
AFC
53.3
12.3
AVC
13.3
10.0
10.9
12.3
14.3
ATC
MC
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