Vanessa runs a small business that has the following total cost at different levels of output. Complete her cost table below: Quantity of goods produced Total Cost P1,000 P1,400 P1,600 P1,700 1 2 P1,900 P2120 Total Total Variable Total Fixed Total Cost Average Fixed Cost Average Variable Average Total Cost Average Marginal Cost Product Cost Cost Cost 4
Vanessa runs a small business that has the following total cost at different levels of output. Complete her cost table below: Quantity of goods produced Total Cost P1,000 P1,400 P1,600 P1,700 1 2 P1,900 P2120 Total Total Variable Total Fixed Total Cost Average Fixed Cost Average Variable Average Total Cost Average Marginal Cost Product Cost Cost Cost 4
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help me answer the tables.
![Vanessa runs a small business that has the following total cost at different levels of output. Complete her cost table
below:
Quantity of goods produced
Total Cost
P1,000
P1,400
P1,600
1
2
P1,700
4
P1,900
P2120
Total
Total Fixed
Total
Total Cost
Average
Average
Variable
Average
Average
Marginal
Cost
Product
Cost
Variable
Fixed Cost
Total Cost
Cost
Cost
1
3
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fa63850-0da7-4230-9c9b-9d33cbd1663b%2F1f874225-9d95-4189-9fa3-a24a82551822%2Fbf8z5sq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Vanessa runs a small business that has the following total cost at different levels of output. Complete her cost table
below:
Quantity of goods produced
Total Cost
P1,000
P1,400
P1,600
1
2
P1,700
4
P1,900
P2120
Total
Total Fixed
Total
Total Cost
Average
Average
Variable
Average
Average
Marginal
Cost
Product
Cost
Variable
Fixed Cost
Total Cost
Cost
Cost
1
3
4
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