Im having trouble with a chart im supposed to complete.It says
to assume the fixed cost of $500. The units of output start at 0
and go to 6 and the Total Variable Cost is blank at 0 units, then
at 1 unit the total variable cost is 200, at 2 units its 360, at 3
its 500, at 4 its 700, at 5 its 1000, and at 6 its 1800. I am
supposed to determine the Total Fixed Cost, Total Cost, Average
Fixed Cost, Avererage Variable Cost, Average Total Cost, and
Marginal Cost for each unit of production.