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Quantity of labour (workers) Quantity of Frozen Yoghurt cups Marginal Product (MP) Variable Costs (VC) Fixed Costs (FC) Total Costs (TC=FC+VC) Marginal Cost (MC) Marginal
Quantity of labour (workers) | Quantity of Frozen Yoghurt cups | Marginal Product (MP) | Variable Costs (VC) | Fixed Costs (FC) | Total Costs (TC=FC+VC) | Marginal Cost (MC) | Marginal Cost per cup |
$ | $ | $ | $ | $ | |||
0 | 0 | 0 | 0 | 100 | 100 | ||
1 | 50 | 50 | 80 | 100 | 180 | ||
2 | 120 | 94 | 160 | 100 | 260 | ||
3 | 200 | 158 | 240 | 100 | 340 | ||
4 | 250 | 197 | 320 | 100 | 420 | ||
5 | 280 | 226 | 400 | 100 | 500 | ||
6 | 300 | 248.83 | 480 | 100 | 580 |
Cecilia pays each of her workers $80 per day. The cost of her other variable inputsare $0.50 per cup of yogurt. Her fixed costs (FC) are $100 per day.
Calculate the empty columns.
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