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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