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Mathematics

ScanSolve AI Answer

Here is the completed table, calculated step-by-step using the provided formulas and values from your image.

The formulas used are:

  • Total Fixed Cost (TFCTFC) = Constant for all output levels.
  • Total Variable Cost (TVCTVC) = Total Cost (TCTC) - Total Fixed Cost (TFCTFC)
  • Total Cost (TCTC) = Total Fixed Cost (TFCTFC) + Total Variable Cost (TVCTVC)
  • Average Fixed Cost (AFCAFC) = TFCQ\frac{TFC}{Q}
  • Average Variable Cost (AVCAVC) = TVCQ\frac{TVC}{Q}
  • Average Total Cost (ATCATC) = TCQ\frac{TC}{Q} or ATC=AFC+AVCATC = AFC + AVC
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