fill in all the blanks in the table please Total Product (magnets) Total Fixed Costs Total...

Question

Question

Total Product (magnets) Total Fixed Costs Total Variable Costs Average Fixed Costs Average Variable Costs $30 Average Total C

fill in all the blanks in the table please

business economics

Answer 1

Answer #1

Solution:-

Total Variable Cost = Average Variable Cost * Quantity

Total Cost = Total Fixed Cost + Total Variable Cost

Average Fixed Cost = Total Fixed Cost / Quantity

Average Total Cost = Total Cost / Quantity

Marginal Cost = ΔTC / ΔQ

Answer 2

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