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An ice cream producer has daily fixed costs of $30. It pays each worker $15 per day. The table below shows the daily production of
An ice cream producer has daily fixed costs of $30. It pays each worker $15 per day. The table below shows the daily production of ice-cream:
| Quantity (Gallons) | Fixed Cost (FC) | Quantity (Workers) | Variable Cost (VC) | Total Cost (TC) | Average Fixed Cost (AFC) | Average Variable Cost (AVC) | Average Total Cost (ATC) |
| 0 | 0 | ||||||
| 6 | 1 | ||||||
| 15 | 2 | ||||||
| 21 | 3 | ||||||
| 24 | 4 | ||||||
| 26 | 5 |
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What Environmentalists Need To Know About Economics
Authors: Jason Scorse
1st Edition
0230107311, 9780230107311
