CostChart.docx
Microeconomics – Week #5 Assignment
Costs Table
|
Units of Output
|
Total Costs
|
Total Fixed Costs
|
Total Variable Costs
|
Average Total Costs
|
Average Fixed Costs
|
Average Variable Costs
|
Marginal Costs
|
|
0
|
$1,000
|
|
|
|
|
|
|
|
1
|
1,200
|
|
|
|
|
|
|
|
2
|
1,350
|
|
|
|
|
|
|
|
3
|
1,550
|
|
|
|
|
|
|
|
4
|
1,900
|
|
|
|
|
|
|
|
5
|
2,300
|
|
|
|
|
|
|
|
6
|
2,750
|
|
|
|
|
|
|
|
7
|
3,250
|
|
|
|
|
|
|
|
8
|
3,800
|
|
|
|
|
|
|
|
9
|
4,400
|
|
|
|
|
|
|
Directions: Fill in the table.