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Number of Output Cost of Cost of Workers Factory Workers 0 0 $30 $0 1 50 $30 $10 2 90 $30 $20 3 120 $30
Number of Output Cost of Cost of Workers Factory Workers 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 Find these: Marginal product of labor Total cost of inputs Average fixed cost Average variable cost Average total cost Marginal cost And graph the cost curves, with output on the X-axis and Cost on the Y-axis
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