Answer to Question #45252 in Economics of Enterprise for biruk

Question

cote function give fill the following table
quantity product (Q) 0 1 2 3 4 5 6
total cost (C) 8 16 18 28 45 63 72
AVC(average variable cost)
AC (average cost)
MC (marginal cost )


A ) calculate fixed cost of production
B ) fill the above table
C ) calculate average variable cost of 2nd product