The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 250, and 500. Instructions: Enter your answers as a whole number a. Complete the table by filling in the average fixed cost, average variable cost, and average total cost. Vintage Model Car Production Costs output Total fixed Cost Total variable Cost total cost average fixed cost average variable average total cost 0 $2,500 $0 $2,500 - - - 100 2,500 700 $3,200 ------- -------------- --------------- 250 2,500 $1,500 $4,000 _____ ________ __________ 500 2,500 $4,000 $6,500 ______ ________ _________ b. Graph the average fixed cost, average variable cost, and average total cost curves from the data in the table.
The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 250, and 500.
Instructions: Enter your answers as a whole number
a. Complete the table by filling in the average fixed cost,
Vintage Model Car Production Costs
output Total fixed Cost Total variable Cost total cost average fixed cost average variable average total cost
0 $2,500 $0 $2,500 - - -
100 2,500 700 $3,200 ------- -------------- ---------------
250 2,500 $1,500 $4,000 _____ ________ __________
500 2,500 $4,000 $6,500 ______ ________ _________
b. Graph the average fixed cost, average variable cost, and average total cost
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