[SOLVED] Can someone help with a cost table
May 8th, 2022
I need an explanation for this Economics question to help me study.
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[SOLVED] Can someone help with a cost table
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Costs Table
Directions: Fill in the table.
Units of Output |
Total Costs |
Total Fixed Costs |
Total Variable Costs |
Average Total Costs |
Average Fixed Costs |
Average Variable Costs |
Marginal Costs |
0 |
$1,000 |
$1,000 |
$0 |
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1 |
1,200 |
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2 |
1,350 |
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3 |
1,550 |
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4 |
1,900 |
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5 |
2,300 |
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6 |
2,750 |
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7 |
3,250 |
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8 |
3,800 |
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9 |
4,400 |