-Fill in the Table

question 181

Essay

$\begin{array}{cccccc}\text { Output } & \begin{array}{c}\text { Variable } \\\text { Cost }\end{array} & \begin{array}{c}\text { Total } \\\text { Cost }\end{array} & \text { AVC } & \text { ATC } & \begin{array}{c}\text { Marginal } \\\text { Cost }\end{array} \\1 & \$ \quad 200 & & & & \\2 & 350 & & & & \\3 & 500 & & & & \\4 & 700 & & & & \\5 & 1,000 & & & & \\6 & 1,500 & & & &\end{array}$
-Fill in the table.Assume the fixed cost is $300.

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Definitions:

Corporate Name

The legal name under which a corporation is registered to conduct business.

Articles Of Incorporation

Official papers submitted to a government agency to formally register the establishment of a corporation.

Independent Contractor

A person who is hired to perform a specific undertaking but who is free to choose how and when to perform the work. An independent contractor may or may not be an agent.

Employee

An individual who is hired to perform services or duties for an employer under the terms of a contract of employment.