The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $30. Fill in

Chapter 7, Problem 3

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The WipeOut Ski Company manufactures skis for beginners. Fixed costs are $30. Fill in Table 7.7 for total cost, average variable cost, average total cost, and marginal cost. Quantity Variable Cost Fixed Cost Total Cost Average Total Cost Average Variable Cost Marginal Cost 0 0 $30 1 $10 $30 2 $25 $30 3 $45 $30 4 $70 $30 5 $100 $30 6 $135 $30 Table 7.7

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