Total Output Cost TFC TVC AF AVC ATC MC
0 $20
10 $40
20 $60
30 $90
40 $120
50 $180
60 $280



2. Use the following table to answer the questions listed
below.
a. Calculate the total fixed costs, total variable costs,
average fixed costs, average variable costs, average
total costs, and marginal costs.
b. Plot each of the cost curves.
c. At what quantity of output does marginal cost
equal average total cost and average variable cost?

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