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Micro Unit 3.2 CW-1: SR Production Costs (Number)

Last updated 10 months ago

4 Nsɛmmisa

The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table.

Output	TVC
1	$30
2	50
3	65
4	85
5	110

1

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1.

The total cost of producing 3 units of output is _______.

1

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2.

The average total cost of 3 units of output is _______.

1

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3.

The average fixed cost of 3 units of output is ________.

1

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4.

The marginal cost of the third unit of output is ______.