Problem
Q TC
0 50
1 100
2 140
3 170
4 190
5 210
6 230
7 260
8 300
9 350
10 410
In a table format for the range of output (Q) provided determine: average total costs, average fixed costs, average variable costs and marginal costs. At a price of $35 how many units will be produced in the short run? At this price how many units will be produced in the long run?