he table below displays cost information for the production of volleyballs. Fill in the missing values corresponding to the empty cells. Average Variable Cost Quantity Fixed Cost Variable Cost Total Cost Marginal Cost 30 30 n/a 1 12 12 2 25 A 72 14 F A = type your answer. B = type your answer. C= type your answer. D= type your answer. E = type your answer. F= type your answer.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The table below displays cost information for the production of volleyballs. Fill in the missing values corresponding to the empty cells.
Quantity
Average Variable
Cost
Fixed Cost
Variable Cost
Total Cost
Marginal Cost
30
30
n/a
1
12
12
25
D
3
A
72
14
F
A = type your answer.
B = type your answer.
C= type your answer.
D= type your answer.
E = type your answer..
F = type your answer.
Transcribed Image Text:The table below displays cost information for the production of volleyballs. Fill in the missing values corresponding to the empty cells. Quantity Average Variable Cost Fixed Cost Variable Cost Total Cost Marginal Cost 30 30 n/a 1 12 12 25 D 3 A 72 14 F A = type your answer. B = type your answer. C= type your answer. D= type your answer. E = type your answer.. F = type your answer.
Expert Solution
Step 1

Given:

Quantity (Q) Fixed Cost (FC) Variable Cost (VC) Total Cost (TC) Average Variable Cost (AVC) Marginal Cost (MC)
0 30 0 30 0 n/a
1 30 12 B 12  
2 30 25 C D E
3 30 A 72 14 F

 

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