Problem-solving question use the following data on a

Question

Problem-solving question: Use the following data on a firm’s total cost schedules to compute its average variable cost, average total cost, average fixed cost and marginal cost schedules.

Output      Total Cost     Total Variable Cost    Total Fixed Cost

1         $2075.00           $ 75.00                $2000.00

2          2140.00            140.00                 2000.00

3          2180.00            180.00                 2000.00

4          2280.00            280.00                 2000.00

 

5          2400.00            400.00                 2000.00