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Complete the Following Cost Schedule : - Economics

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Complete the following cost schedule :

Quantity (in Units) 0 1 2 3 4
Total cost (in ) 200 ....... ....... ....... .......
Total variable cost (in ) 0 ....... 180 ....... .......
Average variable cost (in ) ....... 100 ....... 80 .......
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Solution

Quantity Total Cost Total Variable Cost Average Variable Cost Total Fixed Cost
0 200 0 - 200
1 300 100 100 200
2 380 180 90 200
3 440 240 80 200
4 490 290 72.5 200
Concept: Cost - Total Fixed Cost
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