Define firm’s fixed costs. Next, what is Firm’s FC in the Table above. Why

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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K L Q MPL APL (Q/L) VML (MPL*P) FC VC (L*150) TC
5 0 0 0 0        
5 1 50 50 50 50 25 150 175
5 2 125 75 62.5 150 25 300 325
5 3 225 100 75 200 25 450 475
5 4 375 150 93.7 300 25 600 625
5 5 450 75 90 150 25 750 775
5 6 450 0 75 0 25 900 925
5 7 400 -50 57.14 -100 25 1050 1075
5 8 425 -75 53.12 -150 25 1200 1225
5 9 450 -25 50 -50 25 1350 1375
5 10 500 -50 50 -100 25 1500 1525
5 11 525 25 47.7 50 25 1650 1675

 

Define firm’s fixed costs. Next, what is Firm’s FC in the Table above. Why?

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