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Peter pays $70 a day for equipment and $140 a day to each student he hires. Total Average Average Average Labor product fixed variable total

Peter pays $70 a day for equipment and $140 a day to each student he hires.

Total Average Average Average Labor product fixed variable total Marginal (workers (boards cost cost cost cost per day) per day) [dollars per board) 20 3.5 7 10.5 44 1.59 6.36 7.95 3 60

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