A firm has fixed costs of $60 and varlable costs as Indicated in the table below. Complete the table. Instructions: Round your answers so that you enter no more than 2 declmal places. Average Fixed Cost Average Total Cost Total Total Fixed Total Variable Average Marginal Cost Total Cost Product Cost Cost Variable Cost C S60 1 45 2 85 3 120 4 150 185 225 270 8 325 9 390 10 485

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A firm has fixed costs of $60 and varlable costs as Indicated in the table below. Complete the table.
Instructions: Round your answers so that you enter no more than 2 declmal places.
Average Fixed
Cost
Average Total
Cost
Total
Total Fixed
Total Variable
Average
Marginal Cost
Total Cost
Product
Cost
Cost
Variable Cost
C
S60
1
45
2
85
3
120
4
150
185
225
270
8
325
9
390
10
485
Transcribed Image Text:A firm has fixed costs of $60 and varlable costs as Indicated in the table below. Complete the table. Instructions: Round your answers so that you enter no more than 2 declmal places. Average Fixed Cost Average Total Cost Total Total Fixed Total Variable Average Marginal Cost Total Cost Product Cost Cost Variable Cost C S60 1 45 2 85 3 120 4 150 185 225 270 8 325 9 390 10 485
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