Help! Look at the following table. The firm' s fixed costs equal $ 10 per day?

Question

Calculate the average variable cost, average fixed cost, and average total cost at each output level.

Output( cable modems per day) - 0,25,50,75,100,125,150

Total cost of output( $ thousands) - 10,60,95,150,220,325,465

Answer 1

FC=10

Q......0....25...50 ...75.....100... 125...150

TC...10....60...95 ...150...220... 325...465

AVC..X....2....1.7 ...1.87...2.1... 2.52..3.03

ATC..X...2.4...1.9 .....2.....2.2.... 2.6....3.1