Complete the cost table below. (Round your responses to two decimal places.) TER TC AVC ATC...

Question

Question

Complete the cost table below. (Round your responses to two decimal places.) TER TC AVC ATC MC 40 TFC TVC $40 $0 125 40 155 4

Answer 1

Answer #1

TC=TFC+TVC

AVC=VC/Q

ATC=TC/Q

MC=change in TC/change in Q

Answer 2

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