Please give me correct answer and full explanation with calculation otherwise Note:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily filled in sequentially. (Hint: Determinethe total fixed cost first.)Instructions: Enter your answers rounded to two decimal places.OutputAverage FixedCostTotal VariableCostAverage TotalCostMarginal CostTotal Cost00.001$20.00$9.76$9.76$29.762$19.06$19.53$9.30$39.063$6.67$15.97$47.904$5.00$36.31$14.08$8.41$56.315$4.00$44.30$12.86

Average total cost refers to the approximate total cost of production at different levels of…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give me correct answer and full explanation with calculation otherwise Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

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
Average Fixed
Cost
Total Variable
Cost
Average Total
Cost
Marginal Cost
Total Cost
0
0.00
1
$20.00
$9.76
$9.76
$29.76
2
$19.06
$19.53
$9.30
$39.06
3
$6.67
$15.97
$47.90
4
$5.00
$36.31
$14.08
$8.41
$56.31
5
$4.00
$44.30
$12.86

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