Problem: A firm fixed cost are 0 outputs and its aveage total cost producing different output levels are summarized in the table below.....
Complete the table to find the fixed cost, variable cost, total cost, average fixed cost and average variable cost and marginal cost.
Q FC VC TC AFC AVC MC
0 $10,000 -
100 $200
200 125
300 133 1/3
400 150
500 200
600 250