At what quantity of output does marginal cost equal average

Reference no: EM13222022

a. Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs.

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

b. Plot each of the cost curves.

c. At what quantity of output does marginal cost equal average total cost and average variable cost?

Reference no: EM13222022

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