Question

complete the table below:

Output	Total Cost	Variable Cost	FIxed Cost	Marginal Cost
0	50
1	60
2	75
3	100
4	150
5	225
6	400

Answer 1

FC=the cost is same at all level, and it is equal to the total cost at Q=0
FC=$50, it is the same at all level of output

VC=TC-FC

VC(1)=60-50=10

VC(2)=75-50=25

VC(3)=100-50 =50 and so on

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The marginal cost of n th unit =total cost of n units - total cost of n-1 units

MC(1)=60-50=10

MC(2)=75-60=15

MC(3)=100-75=25 and so on

Output	Total Cost	Variable Cost	Fixed Cost	Marginal Cost
0	50	0	50
1	60	10	50	10
2	75	25	50	15
3	100	50	50	25
4	150	100	50	50
5	225	175	50	75
6	400	350	50	175