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Matt's candle factory rents equipment for making candles and hires students. Matt pays $200 a day for equipment and $200 a day to each student

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Matt's candle factory rents equipment for making candles and hires students. Matt pays $200 a day for equipment and $200 a day to each student he hires. The two left columns of the table show Matt's total product schedule. Calculate Matt's average fixed cost, average variable cost, average total cost, and marginal cost and complete the table. >>> Answer to 2 decimal places Total Average Average Average Labor product fixed variable total Marginal cost cost (workers (candles cost cost per day) per day) (dollars per candle) 1 30 200 200 N 66 3 108

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