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QUESTION 2 1. The table below is for an apple orchard and includes the firm's fixed costs and the number of workers needed to produce
QUESTION 2 1. The table below is for an apple orchard and includes the firm's fixed costs and the number of workers needed to produce various quantities of apples in a day. Each worker at the orchard is paid a wage of $300 a day. a. Complete the table below and fill your responses for the alphabetically marked cells. Quantity Workers Variable Fixed Total Average Average Average of Marginal Marginal Wage Needed Fixed Cost Total Cost Variable Product Cost Cost Apples Cost Cost Cost 0 0 $300 SO -- 1000 1000 -- 1,000 3 $300 A 2,000 4 $300 B X 3,000 6 $300 C Y 4,000 9 $300 D Z 5,000 13 $300 E What is A?| o - e What is A? L ] QUESTION 3 1a. What is B? L] QUESTION 4 1a. What is C? L ] QUESTION 5 1a. What is D? L] QUESTION 6 1a. What is E? L ]
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