Posted: December 12th, 2016

Derive the total fixed cost and total variable cost schedules of the firm, and from the derive the average fixed cost,

Given the following total cost schedule of a firm (a)Derive the total fixed cost and total variable cost schedules of the firm, and from the derive the average fixed cost, average variable cost, average total cost, and marginal cost schedule of the firm.
Q 0 1 2 3 4 5
TC $30 50 60 81 118 180