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 Cost (dollars) $2,000 Total Variable Cost (dollars) Average Fixed Cost (dollars) Average Total Cost (dollars) Total Cost Output Average Variable Cost (dollars) (dollars) $2,000 $0 10 300 %2$ 2$ $230 20 2,460 23 123 30 660 66.7 22 40 2,900 72.5 50 1,200 24

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 Cost (dollars) $2,000 Total Variable Cost (dollars) Average Fixed Cost (dollars) Average Total Cost (dollars) Total Cost Output Average Variable Cost (dollars) (dollars) $2,000 $0 10 300 %2$ 2$ $230 20 2,460 23 123 30 660 66.7 22 40 2,900 72.5 50 1,200 24

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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