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Q. For each level of output, calculate the variable cost (VC). For each level of output except zero output, calculate the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC)
Qty of boats Total Cost Variable Costs
(a.) Average Variable Costs
(b.) Average Total Costs
(c.) Average Fixed Cost
(d.)0 $450,000 - - - -1 490,0002 510,0003 520,0004 540,0005 570,0006 610,0007 670,0008 750,0009 870,000
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