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in Production and Costs by (26.7k points)
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Following information about a rm is given below:

   Units of output     Total cost
  0   45
   1   75
   2   100
   3    120

From the given information estimate,

(a) Total Fixed Cost

(b) Total Variable Cost 

(c) Average cost 

(d) Marginal Cost

1 Answer

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by (26.1k points)
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Best answer
   Units of output  TC TFC TVC AC MC
 0  45  45  0  -  -
 1  75  45  30  75  30
 2  100  45  55  50  25
 3  120  45  75  40  20

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