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Sergio039 [100]
3 years ago
14

Given the cost information below, answer the following questions.

Business
1 answer:
Airida [17]3 years ago
8 0

Answer:

Fixed cost = $10 because there are no Variable costs when Output is 0.

a. Total Variable cost when output is 1.

= 19.76 - 10

= $9.76

b. Average Fixed cost when output is 2.

= 10/2

= $5

c. Average Variable Cost when Output is 3.

= (37.09 - 10) / 3

= $9.30

d. Average Total Cost when output is 4;

= 46.31/4

= $11.58

e. Marginal Cost when output is 5.

= Total cost at 5 - Total cost at 4

= 54.30 - 46.31

= $7.99

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