Marginal Cost (dollars) Units of Variable Total Cost Output Cost (dollars) (dollars) 0. 60 45 105 45 75 135 30 90 150 15 4 120 180 30 158 218 38 6. 225 285 67 Refer to Table 7-5. How much are average fixed costs at three units of output? $0 $15 $20 $60
Marginal Cost (dollars) Units of Variable Total Cost Output Cost (dollars) (dollars) 0. 60 45 105 45 75 135 30 90 150 15 4 120 180 30 158 218 38 6. 225 285 67 Refer to Table 7-5. How much are average fixed costs at three units of output? $0 $15 $20 $60
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Marginal Cost
(dollars)
Units of
Variable
Total Cost
Output
Cost (dollars)
(dollars)
0.
60
1
45
105
45
75
135
90
150
15
120
180
30
158
218
38
6.
225
285
67
Refer to Table 7-5. How much are average fixed costs at three units of output?
$0
$15
$20
$60
30
2.
4.
5.
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