Assuming that fixed costs are $1,500 and wages are $100 per worker

SoccerBoss
Category:
Economics
Price: $5 USD

Question description

Here' my chart...


Labor

Quantity

 

Marginal

Product


Average

Product


Total

Variable

Cost


Total

cost


Average

Total

Cost


Average

Variable

Cost


Marginal

Cost

0

-


 


 


 


 


 


 


 

1

5


 


 


 


 


 


 


 

 2

 12

 

 

 

 

 

 

 

3

18


 


 


 


 


 


 


 

4

22


 


 


 


 


 


 


 

5

25








 


 

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: Duke University
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