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Labor Output TFC TVC TC (workers per (teapots per (dollars per (dollars per (dollars per day) day) day) day) day) 0 30 30 3 30

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Labor Output TFC TVC TC (workers per (teapots per (dollars per (dollars per (dollars per day) day) day) day) day) 0 30 30 3 30 20 30 40 12 30 60 14 30 -- 110 15 30 130 19) Refer to Table 11.3.2, which gives Tania's total cost schedule. The average total cost of producing 14 teapots is 19) A) $6.75. $7.86. C) $7. D) $27.50. E) $1.75

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