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Fill in the missing values in the following table

Economics

Fill in the missing values in the following table.

 

Cases of LED light bulbs produced in an hour Total Costs ($) Variable Costs ($) Average Variable Costs ($) Average Total Costs ($) Average Fixed Costs ($)
0 4,500 - - - -
10 4,900        
20 5,100        
30 5,300        
40 5,400        
50 5,700        
60 6,700        
70 7,900        
80 9,700        
90 11,800        

Given the information you computed in the table, what is the output level with the minimum costs? Explain why.

Option 1

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2.89 USD

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Option 2

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