Answer to Question #39287 in Economics of Enterprise for marvi

Question

Use the following data to compute total variable cost, total fixed cost, average fixed cost and marginal cost for each output rate shown, also use the information to determine equation for each of the total and per-unit cost functions
Production Rate of Total cost
Period output (0) (Tc)
1 10 1,800
2 0 1000
3 4 1320
4 2 1160
5 7 1560