QUESTION 20 Output Fixed Costs Variable Costs $0 Total Costs $100 Average Total Costs Average Variable...

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business economics

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Answer 1

Answer #1

Firstly we should understand that a firm generally occurs

two type ofcost that are-

fixed cost and variable cost

fixed costs are those cost which are constant in the short run which means they have the same value for each number of output

but variable cost varies as the output increases

from the given table also we can see that variable cost is increasing from $0 to $200 as the output increases from 1 to 5 but fixed cost will remain constant as $100 for whether the output is 0 or 5

so we don't need to fill the whole table

Here the answer is $100

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Answer 2

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