The table below shows the weekly cost of producing cowboy hats. Complete the table by filling in the missing values. Instructions: Round your answers to 1 decimal place. Cowboy Hat Production Costs Total Fixed Average Fixed Cost (dollars) Average Variable Cost (dollars) $ 18 Average Total Cost (dollars) $170 93 Total Variable Output Cost (dollars) Cost (dollars) 0 $1,500 $0 Total Cost (dollars) $1,500 10 200 $ 20 1,860 30 560 40 2,300 50 1,100 50 18.7 57.5 22

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The table below shows the weekly cost of producing cowboy hats.
Complete the table by filling in the missing values.
Instructions: Round your answers to 1 decimal place.
Cowboy Hat Production Costs
Total Fixed
Average Fixed
Cost (dollars)
Average Variable
Cost (dollars)
$
18
Average Total
Cost (dollars)
$170
93
Total Variable
Output Cost (dollars)
Cost (dollars)
0
$1,500
$0
Total Cost
(dollars)
$1,500
10
200
$
20
1,860
30
560
40
2,300
50
1,100
50
18.7
57.5
22
Transcribed Image Text:The table below shows the weekly cost of producing cowboy hats. Complete the table by filling in the missing values. Instructions: Round your answers to 1 decimal place. Cowboy Hat Production Costs Total Fixed Average Fixed Cost (dollars) Average Variable Cost (dollars) $ 18 Average Total Cost (dollars) $170 93 Total Variable Output Cost (dollars) Cost (dollars) 0 $1,500 $0 Total Cost (dollars) $1,500 10 200 $ 20 1,860 30 560 40 2,300 50 1,100 50 18.7 57.5 22
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