The table below shows the weekly cost of producing cowboy hats. Complete the table by filling in the missing values. Instructions: Round your answers to 1 decimal place. Cowboy Hat Production Costs Output Total Fixed Cost (dollars) Total Variable Cost (dollars) Total Cost (dollars) Average Fixed Cost (dollars) Average Variable Cost (dollars) Average Total Cost (dollars) 0 $2,000 $0 $2,000 — — — 10 400 $ $ $240 20 2,560 28 128 30 760 66.7 25.3 40 3,000 75 50 1,300 26
The table below shows the weekly cost of producing cowboy hats. Complete the table by filling in the missing values. Instructions: Round your answers to 1 decimal place. Cowboy Hat Production Costs Output Total Fixed Cost (dollars) Total Variable Cost (dollars) Total Cost (dollars) Average Fixed Cost (dollars) Average Variable Cost (dollars) Average Total Cost (dollars) 0 $2,000 $0 $2,000 — — — 10 400 $ $ $240 20 2,560 28 128 30 760 66.7 25.3 40 3,000 75 50 1,300 26
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 3CQQ
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The table below shows the weekly cost of producing cowboy hats.
Complete the table by filling in the missing values.
Instructions: Round your answers to 1 decimal place.
Cowboy Hat Production Costs
Output | Total Fixed Cost (dollars) | Total Variable Cost (dollars) | Total Cost (dollars) | Average Fixed Cost (dollars) | Average Variable Cost (dollars) | Average Total Cost (dollars) |
0 | $2,000 | $0 | $2,000 | — | — | — |
10 | 400 | $ | $ | $240 | ||
20 | 2,560 | 28 | 128 | |||
30 | 760 | 66.7 | 25.3 | |||
40 | 3,000 | 75 | ||||
50 | 1,300 | 26 |
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