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

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

Section: Chapter Questions

Problem 1QTC

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