Calculate average variable, fixed and total cost/ Managerial Economics
Use the following information of a company’s total cost schedules to calculate its average variable cost, average fixed cost, average total cost, and marginal cost schedules.
Output Total Cost Total Variable Cost Total Fixed Cost
1 $2075.00 $ 75.00 $2000.00
2 2140.00 140.00 2000.00
3 2180.00 180.00 2000.00
4 2280.00 280.00 2000.00
5 2400.00 400.00 2000.00
