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output price= $1/unit input price= $5/hour a cake mixer =$60 Labor/ hours of work (input) Cakes (output) TVC TFC TC AFC AVC ATC MC 0

output price= $1/unit

input price= $5/hour

a cake mixer =$60

Labor/ hours of work (input)

Cakes (output)

TVC

TFC

TC

AFC

AVC

ATC

MC

0

0

3

15

6

27

9

35

12

40

15

42

18

43

21

41

complete the table

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