Competitive Firm Total Total Output Fixed Costs Q 0 1 2 3 4

Last updated: 5/2/2023

Competitive Firm Total Total Output Fixed Costs Q 0 1 2 3 4 5 Variable Costs 100 00 0 00 100 00 70 00 100 00 120 00 100 00 150 00 100 00 200 00 100 00 260 00 Total Costs O 52 00 72 00 O 52 00 75 00 100 00 170 00 220 00 250 00 300 00 360 00 Refer to Table Cost EX2 At 5 units of output average variable cost AVC and average total cost ATC and respectively