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What are total fixed costs

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Reference no: EM131783127

Q                    TFC                TVC               TC                  AVC              MC

 

0                     ____               ____               10                   ____              __0_

1                     ____               ____               16                   ____              __6_

2                     ____               ____               ____               ____                 4

3                     ____                12                 ____               __4__            ____

1) What are total fixed costs?

2) What is the marginal cost of the first unit of output?

3) What is the total cost of 2 units of output?

4) What is the total variable cost of 2 units of output?

5) What is the marginal cost of the third unit of output?

Reference no: EM131783127

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