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Monthly cost of producing vintage model cars

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Reference no: EM133067263

The table below shows the monthly cost of producing vintage model cars for collectors for quantities 0, 100, 200, and 500.

Complete the table by filling in the average fixed cost, average variable cost, and average total cost.

Instructions: Round your answers to 2 decimal places.

Vintage Model Car Production Costs

Output

Total Fixed Cost (dollars)

Total Variable Cost (dollars)

Total Cost (dollars)

Average Fixed Cost (dollars)

Average Variable Cost (dollars)

Average Total Cost (dollars)

0

$3,000

$0

$3,000

-

-

-

100

3,000

1,200

4,200

 

 

 

200

3,000

1,700

4,700

 

 

 

500

3,000

4,750

7,750

 

 

 

Reference no: EM133067263

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