Use the following table to ccalculate TFC - keep your calculation for follow up questions:Total OutputTotal CostTFCTVCAFCAVCATCMC0$20 10$40 20$60 30$90 40$120 50$180 60$280 a.Total OutputTotal CostTFC0$20$2010$40$2020$60$2030$90$2040$120$2050$180$2060$280$200 b.Total OutputTotal CostTFC0$20$010$40$1020$60$2030$90$3040$120$4050$180$5060$280$60 c.Total OutputTotal CostTFC0$20$010$40$2020$60$2030$90$2040$120$2050$180$2060$280$20 d.Total OutputTotal CostTFC0$20$2010$40$2020$60$2030$90$2040$120$2050$180$2060$280$20 e.Total OutputTotal CostTFC0$20$010$40$3020$60$4030$90$6040$120$8050$180$13060$280$220

Fixed cost is the cost that is not affected by the level of production of a firm; it is a cost that…

Answered: Use the following table to ccalculate…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Use the following table to ccalculate TFC - keep your calculation for follow up questions:

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

Total Output	Total Cost	TFC
0	$20	$20
10	$40	$20
20	$60	$20
30	$90	$20
40	$120	$20
50	$180	$20
60	$280	$200

Total Output	Total Cost	TFC
0	$20	$0
10	$40	$10
20	$60	$20
30	$90	$30
40	$120	$40
50	$180	$50
60	$280	$60

Total Output	Total Cost	TFC
0	$20	$0
10	$40	$20
20	$60	$20
30	$90	$20
40	$120	$20
50	$180	$20
60	$280	$20

Total Output	Total Cost	TFC
0	$20	$20
10	$40	$20
20	$60	$20
30	$90	$20
40	$120	$20
50	$180	$20
60	$280	$20

Total Output	Total Cost	TFC
0	$20	$0
10	$40	$30
20	$60	$40
30	$90	$60
40	$120	$80
50	$180	$130
60	$280	$220

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