Question

3. Calculate the total fixed costs of production in the following table, and fill in the correct values for the various other missing cost items in the table. (I/2 point each for a total of 20 points) MC TVC AVC TFC AFC TC ATC 13 13.00 113 113.00 24 50.00 124 33.33 25.00 20.00 158 44.33 11.00 36.00 14 11.60 17 75 29.17 28.29 28.00 28.11 29.00 23 98 14.00 14.29 198 124 15.50 224 29 11.1 253 10 37 19.00 10.00