Directions: Fill in the table.Units of Output Total Costs Total Fixed Costs Total Variable Costs Average Total Costs Average Fixed Costs Average Variable Costs Marginal Costs0 $1,000 1 1,200 2 1,350 3 1,550 4 1,900 5 2,300 6 2,750 7 3,250 8 3,800 9 4,400

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Directions: Fill in the table.
Units of Output Total Costs Total Fixed Costs Total Variable Costs Average Total Costs Average Fixed Costs Average Variable Costs Marginal Costs
0 $1,000
1 1,200
2 1,350
3 1,550
4 1,900
5 2,300
6 2,750
7 3,250
8 3,800
9 4,400

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