Production Costs Fill out the following table and graph the average variable cost, average total cost,...

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Production Costs Fill out the following table and graph the average variable cost, average total cost,...

Production Costs

Fill out the following table and graph the average variable cost, average total cost, and marginal costs

Output tables/day	Total cost	Variable cost	Average Total Cost	Average variable cost	Marginal Cost
0	$50
1	60
2	80
3	115
4	170
5	250
6	350

1) What is the dollar amount of the fixed costs of production? $50

2) For 5 tables, what is the average fixed cost and the average variable cost?

business economics

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Answer 1

Answer #1

50 50 O 6o 50 1o 6o 80 50-30 115 5665 38:24 2 |-6% 35 0 10 15 50 05 16-6t 12.5 10 8:34 10 & D 40 4 o 50 12045 3055 8o 40 050 50 200 350. 50.30。58:34 50 100 50 b) fixed Cost$50, total Cost when puod is

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Answer 2

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