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Q23) in the subject of microeconomics check table and question below it and choose correct mcq:A) 300$B) 100$C) 400$D) 200$ Total fixed costs Total variable

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Q23) in the subject of microeconomics check table and question below it and choose correct mcq:A) 300$B) 100$C) 400$D) 200$

image text in transcribed
Total fixed costs Total variable cost Labor (workers) Output (bikes) Total cost (dollars) (dollars) (dollars) 0 200 20 100 N 50 ?? 3 60 4 64 D The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total cost of producing 50 bikes

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