644-Q4

Peter owns a copy store. He leases two copy machines for which he pays $20 each per day. He cannot increase the number of machines he leases without giving the office machine company six weeks' notice. He can hire as many workers as he wants, at a cost of $40 per day per worker. These are the only two inputs he uses to produce copies.

a.Using the information provided complete the table:

a. Using the information provided complete the table Quantity of Quantity of Fixed Average Marginal Workers copies per Costs Total Costs Costs