1. To make sure that you understand the relationships between all of the cost co
ID: 1095302 • Letter: 1
Question
1. To make sure that you understand the relationships between all of the cost concepts, fill in the missing values in the table below.
Output
Total
Fixed
Costs
Total
Variable
Costs
Total Cost
Average
Fixed Cost
Average
Variable
Cost
Average
Total Cost
Marginal
Cost
0
980
---
---
---
---
1
400
400
2
450
3
2,330
4
475
5
696
6
4,180
700
7
4,100
8
797.5
9
7,300
10
980
2. Jeremy
Output
Total
Fixed
Costs
Total
Variable
Costs
Total Cost
Average
Fixed Cost
Average
Variable
Cost
Average
Total Cost
Marginal
Cost
0
980
---
---
---
---
1
400
400
2
450
3
2,330
4
475
5
696
6
4,180
700
7
4,100
8
797.5
9
7,300
10
980
Explanation / Answer
Output
Total
Fixed
Costs
Total
Variable
Costs
Total Cost
Average
Fixed Cost
Average
Variable
Cost
Average
Total Cost
Marginal
Cost
0
980
---
---
---
---
1
400
400
2
50
3
2,330
4
475
5
696
6
4,180
700
7
4,100
8
797.5
9
7,300
10
980
Output
Total
Fixed
Costs
Total
Variable
Costs
Total Cost
Average
Fixed Cost
Average
Variable
Cost
Average
Total Cost
Marginal
Cost
0
980 0980
---
---
---
---
1
980400
1380 980 400 1380400
2
980 450 1430 980 425 140550
3
980 13502,330
980 733 1713 9004
980 980475
14555
980696
6
9804,180
700
7
9804,100
8
980797.5
9
9807,300
10
980980
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