Microeconomics – Week #5 Assignment
Costs Table
Directions: Fill in the table.
|
Units of Output |
Total Costs |
Total Fixed Costs |
Total Variable
Costs |
Average Total Costs |
Average Fixed Costs |
Average Variable
Costs |
Marginal Costs |
|
0 |
$1,000 |
$1,000 |
$0 |
|
|
|
|
|
1 |
1,200 |
|
|
|
|
|
|
|
2 |
1,350 |
|
|
|
|
|
|
|
3 |
1,550 |
|
|
|
|
|
|
|
4 |
1,900 |
|
|
|
|
|
|
|
5 |
2,300 |
|
|
|
|
|
|
|
6 |
2,750 |
|
|
|
|
|
|
|
7 |
3,250 |
|
|
|
|
|
|
|
8 |
3,800 |
|
|
|
|
|
|
|
9 |
4,400 |
|
|
|
|
|
|
