a) Complete the following cost schedule by computing average fixed cost and average variable cost. Instructions:...

a) Complete the following cost schedule by computing average fixed cost and average variable cost.

Instructions: Enter your responses rounded to the nearest whole number.

Output	Total Cost	Average Fixed Cost	Average Variable Cost
0	$600	-----	-----
1	800
2	1,050
3	1,400
4	1,800
5	2,300

Expert Solution

Output	total cost	average fixed cost	average variable cost
0	600
1	800	600	200
2	1050	300	225
3	1400	200	266.6
4	1800	150	300
5	2300	120	340

Formula of average fixed cost= fixed cost/output

Formula of average variable cost,,= variable cost/output

Rahul Sunny answered 2 years ago

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