Fill in the table below. Assume TC stands for Total Cost, TFC as Total Fixed Cost, TVC as Total Vari
Question: Fill in the table below. Assume TC stands for Total Cost, TFC as Total Fixed Cost, TVC as Total Variable Cost, ATC as Average Total Cost, AFC as Average Fixed Cost, AVC as Average Variable Cost, and MC as Marginal Cost.
| Units of Output | TC | TFC | TVC | ATC | AFC | AVC | MC |
| 0 | 20 | ||||||
| 1 | 1 | ||||||
| 2 | 3 | ||||||
| 3 | 4 | ||||||
| 4 | 12 | ||||||
| 5 | 75 | ||||||
| 6 | 16 | ||||||
| 7 | 24 | ||||||
| 8 | 86 | ||||||
| 9 | 360 |
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Deliverables: Word Document
Deliverables: Word Document
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