The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 200, and 500. Complete the table by filling in the average fixed cost, average variable cost, and average total cost. Vintage Model Car Production Costs Output Total Fixed cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Average Total Cost 0 $2000 $0 2,000 - - - 100 2,000 1,000 3,000 _____ _______ _______ 200 2,000 1,500 3,500 _____ _______ ________
The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 200, and 500.
Complete the table by filling in the average fixed cost, average variable cost, and
Vintage Model Car Production Costs
Output Total Fixed cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Average Total Cost
0 $2000 $0 2,000 - - -
100 2,000 1,000 3,000 _____ _______ _______
200 2,000 1,500 3,500 _____ _______ ________
500 2,000 4,500 6,550 _____ ________ ________
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
