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2 Question Table below shows how the quantity of cookies produced per hour at Cookie Monster's factory depends on the number of workers. If there
2 Question Table below shows how the quantity of cookies produced per hour at Cookie Monster's factory depends on the number of workers. If there is no workers in the factory, Cookie Monster produces no cookies Cost of Workers Raw materials Total variable Total cost Cookies Cost of Factory 0 0 50 100 150 180 250 300 100 100 100 100 100 100 100 50 100 200 300 100 500 20 10 00 80 100 120 i. Complete the table above. (26 points) Each correct answer is worth 2 points, with a total of 26 points. ii. Refer to the table above, what is fixed cost? Explain why. (6 points) ii. Refer to the table above, what is variable cost? Explain why. (6 points)
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