A) Completethe table: TOTAL TOTAL FIXED COST 8.64 8.64 8.64 8.64 8.64 8.64 8.64

Question

A) Completethe table: TOTAL TOTAL FIXED COST 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 TOTAL PRODUCT COST TOTAL VARIABLE FIXED COST 0.00 AVERAGE AVERAGE TOTAL VARIABLE AVERAGE COST 0.00 COST 8.64 10.08 11.22 12.12 12.84 13.44 13.98 14.52 15.12 15.84 16.74 17.88 19.32 21.12 23.34 26.04 29.28 33.12 COST 0.00 8.64 4.32 2.88 2.16 1.72 1.44 1.23 1.08 96 0.86 0.78 0.72 0.66 0.61 0.57 0.54 0.50 1.29 1.16 1.05 0.96 0.89 0.84 0.81 0.78 0.81 0.84 0.89 0.96 1.05 1.16 1.29 2.58 3.48 4.20 5.34 5.88 6.48 7.10 8.10 9.24 10.68 12.48 14.70 17.40 20.64 24.48

Explanation / Answer

Answer

Total average cost=average fixed cost+average variable cost

or

=total cost/quantity

TOTAL PROOUCT TOTAL COST TOTAL FIXEO COST TOTAL
VARIABLE
COST Average Fixed
COST Average Variable cost Total average cost 0 8.64 8.64 0.00 1 10.08 8.64 1.44 8.64 1.44 10.08 2 11.22 8.64 2.58 4.32 1.29 5.61 3 12.12 8.64 3.48 2.88 1.16 4.04 4 12.84 8.64 4.20 2.16 1.05 3.21 5 13.44 8.64 4.80 1.73 0.96 2.69 6 13.98 8.64 5.34 1.44 0.89 2.33 7 14.52 8.64 5.88 1.23 0.84 2.07 8 15.12 8.64 6.48 1.08 0.81 1.89 9 15.84 8.64 7.20 0.96 0.80 1.76 10 16.74 8.64 8.10 0.86 0.81 1.67 11 17.88 8.64 9.24 0.79 0.84 1.63 12 19.32 8.64 10.68 0.72 0.89 1.61 13 21.12 8.64 12.48 0.66 0.96 1.62 14 23.34 8.64 14.70 0.62 1.05 1.67 15 26.04 8.64 17.40 0.58 1.16 1.74 16 29.28 8.64 20.64 0.54 1.29 1.83 17 33.12 8.64 24.48 0.51 1.44 1.95

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