Part I. Consider the values in the following table for the Winsome Widget

Part I. Consider the values in the following table for the Winsome Widget Factory.

A. Fill in the formula for AFC AVC ATC and MC at
the top of the column in the gray section within the table.

B. Fill in the missing values for TFC TVC AFC AVC
ATC and MC in the blue sections of the table.

Winsome Widget Factory

Output

Total Fixed Cost

Total Variable Cost

Total Cost

Average Fixed Cost

Average Variable Cost

Average Total Cost

Marginal Cost

0

$600

5

900

10

1150

15

1350

20

1600

25

1900

30

2275

35

2725

40

3375

45

4225

50

5325

C. Identify the efficient scale of firm. Explain your
reasoning.