Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily filled in sequentially. (Hint: Determine the total fixed cost first.) Instructions: Enter your answers rounded to two decimal places. Output 0 1 2 3 4 5 Average Fixed Cost $5.00 $1.67 $1.25 $1.00 Total Variable Cost $9.65 $18.62 $34.55 $41.55 Average Total Cost $11.81 $10.64 $9.89 $9.31 Marginal Cost $9.65 $8.97 $7.64 Total Cost $14.65 $23.62 $31.91 $39.55

Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily filled in sequentially. (Hint: Determine the total fixed cost first.) Instructions: Enter your answers rounded to two decimal places. Output 0 1 2 3 4 5 Average Fixed Cost $5.00 $1.67 $1.25 $1.00 Total Variable Cost $9.65 $18.62 $34.55 $41.55 Average Total Cost $11.81 $10.64 $9.89 $9.31 Marginal Cost $9.65 $8.97 $7.64 Total Cost $14.65 $23.62 $31.91 $39.55

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

ces
aw
1
Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily filled in sequentially. (Hint: Determine
the total fixed cost first.)
Instructions: Enter your answers rounded to two decimal places.
Output
0
1
2
3
4
5
Average Fixed
Cost
$5.00
$1.67
$1.25
$1.00
Total Variable
Cost
$9.65
$18.62
$34.55
$41.55
Average Total
Cost
$11.81
$10.64
$9.89
$9.31
< Prev
Marginal Cost
3 of 9
$9.65
$8.97
$7.64
Total Cost
$14.65
$23.62
$31.91
$39.55
Next >

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