alculate the average total, fixed, and marginal costs for a “competitive” firm with the following production cost schedule.  q    Total Cost    ATC    AFC    MC 0        10             100    12             200    16             300    26             400    38             500    75             600    120

The Trouser Company has fixed costs of 2,000 per week. In addition, we have some information about its marginal costs (MC) and total variable costs (TVC) Output 0 30 60 90 100 120 150 MC 140 59 32 59 80 140 275 TVC 0 2850 4080 5310 6000 8160 14,250 For each of the output levels in the table, calculate the Trouser Company’ average variable costs (AVC) and average (total) cost (AC)

Calculate the average total, fixed and marginal costs for a “competitive” firm with the following production cost schedule.  q    Total Cost    ATC    AFC    MC0    10            10    12            20    16            30    26            40    38            50    75            60    120

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