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You are required to complete the following table information and plot the data to show the bahaviour of each cost A) Total Co b) Marginal c) Average Fixed Cost d) Average Variable Cost e) Average Total Cost verage Total Cost Total Product Total Fixed Cost (TFC) Total Variable Cost (TVC) Total Cost (TC) Marginal Cost (MC) Average Fixed Cost (AFC) Average Variable Cost (AVC) Average Total Cost (ATC) 0 $200 $0 1 200 100 2 200 168 3 200 216 4 200 254 5 200 300 6 200 360
You are required to complete the following table information and plot the data to show the bahaviour of each cost
A) Total Co
b) Marginal
c) Average Fixed Cost
d) Average Variable Cost
e) Average Total Cost
verage Total Cost
|
Total Product |
Total Fixed Cost (TFC) |
Total Variable Cost (TVC) |
Total Cost (TC) |
Marginal Cost (MC) |
Average Fixed Cost (AFC) |
Average Variable Cost (AVC) |
Average Total Cost (ATC) |
|
0 |
$200 |
$0 |
|||||
|
1 |
200 |
100 |
|||||
|
2 |
200 |
168 |
|||||
|
3 |
200 |
216 |
|||||
|
4 |
200 |
254 |
|||||
|
5 |
200 |
300 |
|||||
|
6 |
200 |
360 |
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