Question

2. Complete the hypothetical table below and explain in brief, the behaviour of each type of cost. (10 Marks)


Quantity Total
Fixed Cost Total
Variable Cost Total Cost Average
Fixed Cost Average
Variable Cost Average
Total Costa Marginal Cost
0 180 0 180
1 25
2 40
3 50
4 60
5 100 80
180
6 110
7 150
8 300
9 500
10 900

Answer 1

Answer:

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