Question: Use the total cost (TC) schedule that is presented in the table below to calculate the average total cost, average variable cost, average fixed cost, and marginal cost when output (Q) is equal to 5.

Q 0 1 2 3 4 5 6 7 8 9

TC 5 7 8 10 14 20 28 38 50 72

1. Average total cost (1 pt.)
2. Average variable cost (1 pt.)
3. Average fixed cost (1 pt.)
4. . Marginal cost (1 pt.)

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