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 $9.45 $17.82 $31.35 $36.55 Average Total Cost $11.41 $10.04 $9.09 $8.31 Marginal Cost $9.45 $8.37 $6.24 Total Cost $14.45 $22.82 $30.11 $36.35

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 $9.45 $17.82 $31.35 $36.55 Average Total Cost $11.41 $10.04 $9.09 $8.31 Marginal Cost $9.45 $8.37 $6.24 Total Cost $14.45 $22.82 $30.11 $36.35

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

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
$9.45
$17.82
$31.35
$36.55
< Prev
Average Total
Cost
$11.41
$10.04
$9.09
$8.31
6 of 10
▬▬▬
m
Marginal Cost
$9.45
$8.37
$6.24
Next >
Total Cost
$14.45
$22.82
$30.11
$36.35

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