3. A firm has fixed costs of $60 and variable costs as indicated in the table at the
bottom of this page. Complete the table below (AFC, AVC, ATC, MC). (20% of
grade)
Average
Average
Average
Total Total
Total
Fixed
Variable
Total
Produ Fixed
Variable
Total
Cost
Cost
Cost
Margin
al Cost
ct
Cost
Cost
Cost
(AFC)
(AVC)
(ATC)
(MC)
0
$0
1
45
2
85
3
120
4
150
567890
185
225
270
325
10 300
