Narrbegin Exhibit 6.5 Cost schedule for a firm
$$\begin{array} { | c | c | c | }
\hline \text { Quantity } & \text { Tatal cost (\$) } & \text { Marginal cost (\$) } \
\hline 0 & 200 & \
\hline 1 & 900 & \
\hline 2 & & 900 \
\hline 3 & 3000 & \
\hline
\end{array}$$
-In Exhibit 6.5, by filling in the blanks it can be determined that the fixed costs for the second unit are

Question

Narrbegin Exhibit 6.5 Cost schedule for a firm
 $$\begin{array} { | c | c | c | } 
\hline \text { Quantity } & \text { Tatal cost (\$) } & \text { Marginal cost (\$) } \
\hline 0 & 200 & \
\hline 1 & 900 & \
\hline 2 & & 900 \
\hline 3 & 3000 & \
\hline
\end{array}$$
-In Exhibit 6.5, by filling in the blanks it can be determined that the fixed costs for the second unit are

Quizplus · Accepted Answer

Fixed costs are costs that do not change with the level of output. In the table, the cost at 0 quantity is $200, which represents the fixed costs. The fixed costs for the second unit remain $200, as they do not vary with the quantity produced.

Narrbegin Exhibit 6 -In Exhibit 6