A manager of a firm was given the following table. Compute the average fixed costs (AFC), average variable costs (AVC), average total costs (ATC) and marginal costs (MC) for indicated levels of output.
$$\begin{array} { | l | l | l | l | l | l | l | }
\hline \text { Output } & \begin{array} { l }
\text { Total } \
\text { Variable } \
\text { Cost }
\end{array} & \begin{array} { l }
\text { Total } \
\text { Cost }
\end{array} & \text { AFC } & \text { AVC } & \text { ATC } & \text { MC } \
\hline 0 & 0 & 20 & & & & \
\hline 1 & 40 & 60 & & & & \
\hline 2 & 60 & 80 & & & & \
\hline 3 & 90 & 110 & & & & \
\hline
\end{array}$$

Question

A manager of a firm was given the following table. Compute the average fixed costs (AFC), average variable costs (AVC), average total costs (ATC) and marginal costs (MC) for indicated levels of output.
 $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Output } & \begin{array} { l } 
\text { Total } \
\text { Variable } \
\text { Cost }
\end{array} & \begin{array} { l } 
\text { Total } \
\text { Cost }
\end{array} & \text { AFC } & \text { AVC } & \text { ATC } & \text { MC } \
\hline 0 & 0 & 20 & & & & \
\hline 1 & 40 & 60 & & & & \
\hline 2 & 60 & 80 & & & & \
\hline 3 & 90 & 110 & & & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of A manager of a firm was given the following table. Compute the average fixed costs (AFC), average variable costs (AVC), average total costs (ATC) and marginal costs (MC) for indicated levels of output.
 $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Output } & \begin{array} { l } 
\text { Total } \
\text { Variable } \
\text { Cost }
\end{array} & \begin{array} { l } 
\text { Total } \
\text { Cost }
\end{array} & \text { AFC } & \text { AVC } & \text { ATC } & \text { MC } \
\hline 0 & 0 & 20 & & & & \
\hline 1 & 40 & 60 & & & & \
\hline 2 & 60 & 80 & & & & \
\hline 3 & 90 & 110 & & & & \
\hline
\end{array}$$

A Manager of a Firm Was Given the Following Table