The table below presents production data for a particular firm. 1) Use formulas/calculation in excel to complete the table.                                                                                                                                                                            Production batch Total output (units produced) Total fixed costs Total variable cost Total cost of production marginal cost of production Average fixed cost Average variable cost Average cost 1 100   300 800         2 200   700           3 300   1000           4 400   1200           5 500   1400           6 600   1650           7 700   2000           8 800   2500           9 900   3200           10 1000   4100           11 1100   5200           12 1200   6500

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