Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal.

1a. What is the total cost when producing zero units?
total cost: $

1b. What is the marginal cost for the first unit?
marginal cost: $

1c. What is the average total cost when producing three units?
average total cost: $

1d. What is the average variable cost when producing four units?
average variable cost: $

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

Which of the following has the largest impact on opportunity cost