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Fill in the values in the missing cells in the table below: (1) Number of Workers (2) Output (3) Marginal Product of Labor (4) Cost
- Fill in the values in the missing cells in the table below:
| (1) Number of Workers | (2) Output | (3) Marginal Product of Labor | (4) Cost of Factory | (5) Cost of Workers | (6) Total Cost of Inputs | (7) Average Fixed Cost | (8) Average Variable Cost | (9) Average Total Cost | (10) Marginal Cost |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | $30 | $0 | ||||||
| 1 | 50 | 30 | 10 | ||||||
| 2 | 90 | 30 | 20 | ||||||
| 3 | 120 | 30 | 30 | ||||||
| 4 | 140 | 30 | 40 | ||||||
| 5 | 150 | 30 | 50 | ||||||
| 6 | 155 | 30 | 60 |
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Business Economics Methods And Techniques
Authors: Chandra Kant Singh
1st Edition
9353147018, 9789353147013
