Question

Given the table below, what is the total fixed cost when 400 units of output are...

Given the table below, what is the total fixed cost when 400 units of output are produced? SHOW ALL YOUR COMPUTATIONS, place the formulas used

Output

Total Cost

Total Fixed Cost

Total Variable Cost

Average Fixed Cost

Average Variable Cost

Average Total Cost

Marginal Cost

100

560

60

200

4.00

300

4.00

400

7.00

a. $500

b. $2000

c. $3500

d. $5000

e. none of the above

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