Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
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?
What is the marginal cost of the third unit of output?
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