Complete the table by filling in the average fixed cost, average variable cost, and average total cost. Instructions: Round your answers to 2 decimal places. Vintage Model Car Production Costs Output Total Fixed Cost (dollars) Total Variable Cost (dollars) Total Cost (dollars) Average Fixed Cost (dollars) Average Variable Cost (dollars) Average Total Cost (dollars) 0 $2,000 $0 $2,000 — — — 100 2,000 800 2,800 200 2,000 1,300 3,300 500 2,000 4,350 6,350
Complete the table by filling in the average fixed cost, average variable cost, and average total cost. Instructions: Round your answers to 2 decimal places. Vintage Model Car Production Costs Output Total Fixed Cost (dollars) Total Variable Cost (dollars) Total Cost (dollars) Average Fixed Cost (dollars) Average Variable Cost (dollars) Average Total Cost (dollars) 0 $2,000 $0 $2,000 — — — 100 2,000 800 2,800 200 2,000 1,300 3,300 500 2,000 4,350 6,350
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Complete the table by filling in the average fixed cost, average variable cost, and average total cost.
Instructions: Round your answers to 2 decimal places.
Vintage Model Car Production Costs
Output | Total Fixed Cost (dollars) | Total Variable Cost (dollars) | Total Cost (dollars) | Average Fixed Cost (dollars) | Average Variable Cost (dollars) | Average Total Cost (dollars) |
0 | $2,000 | $0 | $2,000 | — | — | — |
100 | 2,000 | 800 | 2,800 | |||
200 | 2,000 | 1,300 | 3,300 | |||
500 | 2,000 | 4,350 | 6,350 |
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