Question

The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 200, and 500.

Complete the table by filling in the average fixed cost, average variable cost, and average total cost.

Instructions: Round your answers to one decimal place.

Vintage Model Car Production Costs

Output	Total Fixed Cost (dollars)	Total Variable Cost (dollars)	Total Cost (dollars)	Average Fixed Cost (dollars)	Average Variable Cost (dollars)	Average Total Cost (dollars)
0	$3,000	$0	$3,000	—	—	—
100	3,000	1,200	4,200
200	3,000	1,700	4,700
500	3,000	4,750	7,750

rev: 06_28_2018

Answer 1