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In: Economics

1.) The table below represents the costs of producing jackets. Quantity Fixed Cost Variable Cost Total...

1.)

The table below represents the costs of producing jackets.

Quantity Fixed Cost Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost
12 $118 $25 $143 ? ? ?
18 $118 $50 $168 ? ? ?
26 $118 $75 $193 ? ? ?
34 $118 $100 $218 ? ? ?
42 $118 $125 $243 ? ? ?

Find the average variable cost for producing 42 jackets. Round your answer to the nearest hundredth.

2.) The table below represents the costs of producing sneakers.

Quantity Fixed Cost Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost
12 $118 $25 $143 ? ? ?
18 $118 $50 $168 ? ? ?
26 $118 $75 $193 ? ? ?
34 $118 $100 $218 ? ? ?
42 $118 $125 $243 ? ? ?

Find the average fixed cost for producing 34 sneakers. Round your answer to the nearest hundredth

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