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Question 1

The table below shows data for Bags for an individual firm.

Quantity of BagsFixed Costs (FC)Variable Costs (VC)Total Costs (TC)
0??60
16065125
260140200
3??285
460?380
560425485
660?600
7?665725
860800860

Given this data, what are fixed costs when quantity is 0?

 

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Question 2

Given this data, what are variable costs when quantity is 0?

 

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Question 3

Given this data, what are variable costs when quantity is 3?

 

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Question 4

Given this data, what are variable costs when quantity is 4?

 

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Question 5

Given this data, what are variable costs when quantity is 6?

 

 

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Question 6

Given this data, what are fixed costs when quantity is 3?

 

 

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Question 7

Given this data, what are fixed costs when quantity is 7?

 

 

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