Question

Table 1 Output Total Cost MC FC VC AFC AVC ATC   0   $40 10   $60 20...

Table 1

Output

Total Cost

MC

FC

VC

AFC

AVC

ATC

  0

  $40

10

  $60

20

  $90

30

$130

40

$180

50

$240
  1. Complete the above table by filling in the empty information.

  1. Write each formula you used to answer part (A). (2 Marks)
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