AID21875: Find below hypothetical data for total production costs of a manufacturing firm at various levels of output. Complete the following:
| Output | Total cost | Fixed cost | Variable cost | Average
fixed cost |
Average
variable cost |
Average
cost |
| 0 | 1000 | 1000 | ||||
| 20 | 1200 | 1000 | ||||
| 40 | 1300 | 1000 | ||||
| 60 | 1380 | 1000 | ||||
| 100 | 1600 | 1000 |
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