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4. Marie has fixed costs of $500 per month and hires workers for $2,000 each per month. Some of Marie's monthly.r production and cost information
4. Marie has fixed costs of $500 per month and hires workers for $2,000 each per month. Some of Marie's monthly.r production and cost information is in the accompanying table. a} Calculate Variables costs WC] and fill in the table [10 points}. b] Calculate Total costs [TC] and fill in the table {10 points}. c} Calculate Marginal costs {MC} and fill in the table {10 points}. d] Calculate the price that Marie must charge to break even on the production of 130 units of output. {10 points} e) What will be the shape of Marie's Average Fixed Cost {AFC} curve and why does it have such a shape. {10 points} Table: Marie's Production and Costs Quantity of labor {Workers} Quantity VC TC MC (ETC/HQ} of Output
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