The Gizmo Factory - Exercise
This exercise will test your knowledge of the cost curves. Please enter all numbers to 3 decimal places.
Hours of
labour
Output
Total
Fixed
Cost
Total
Variable
Cost
Total
Cost
Average
Fixed
Cost
Average
Variable
Cost
Average
Total
Cost
Marginal
Cost
P
L
=
$
1
10
25
2
15
25
3
21
25
4
28
25
5
37
25
6
47
25
7
58
25
