3. The following information relates to a manufacturing company. Total fixed cost $10 000 Total cost $50 000 Output 100 units Determine the average variable cost 4. The table below shows production costs of three units of a product. Total Cost Units Total Fixed Marginal Cost Cost 100 25 125 130 60 .complete the table

3. The following information relates to a manufacturing company. Total fixed cost $10 000 Total cost $50 000 Output 100 units Determine the average variable cost 4. The table below shows production costs of three units of a product. Total Cost Units Total Fixed Marginal Cost Cost 100 25 125 130 60 .complete the table

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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