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[25pt] The table below is for an apple orchard and includes the firm's fixed costs and the number of workers needed to produce various quantities
[25pt] The table below is for an apple orchard and includes the firm's fixed costs and the number of workers needed to produce various quantities of apples in a day. Each worker at the orchard is paid a wage of $300 a day. a. [12pt] Complete the table. Quantity of Apples Workers Needed Wage Variable Cost Marginal Cost Marginal Product Fixed Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 0 1,000 3 $300 2,000 4 $300 3,000 6 $300 4,000 9 $300 5,000 13 $300 $300 $0 -- -- 10001000
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