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Asked by HighnessHeat11519 on coursehero.com

The cost table below has enough information for you to completely fill out the 26 blank cells in the five rows (associated with output of Q=0, 1, 2, 3, 4). Here is a hint: at **Q=4** you are told that **AFC** is $24. Since AFC=FC/Q and thus FC=AFC*Q, you know that FC must be $24*4=$96. And, of course, FC is the same for all output levels, including zero. Now you have the first column completed!

**Note:** Please round your answers to a whole (integer) number; enter whole (integer) answers only; and do **not** include a $ (dollar) sign. For example, for $96.00 you will enter **96**. **Please use the scroll bar to view the entire eight columns of the table.**

**Abbreviations used:** Q (quantity), FC (Fixed Cost), VC (Variable Cost), TC (Total Cost), MC (Marginal Cost), AFC (Average Fixed Cost), AVC (Average Variable Cost), ATC (Average Total Cost)

Q | FC | VC | TC | MC | AFC | AVC | ATC |

0 | |||||||

1 | 30 | ||||||

2 | 24 | ||||||

3 | 168 | ||||||

4 | 28 | 24 |

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Answered by SargentLeopardPerson273 on coursehero.com

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