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Question Help Advice for a Firm. You've been hired as an economic consultant by a price-taking firm that produces scarves. The firm already has a

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Advice for a Firm. You've been hired as an economic consultant by a price-taking firm that produces scarves. The firm already has a factory, so it is operating in the short run. The price of scarves is $9, the cost per worker is $24, and each scarf requires $1 worth of material. The following table shows the relationship between the number of workers and the output of scarves.

a. Fill in the blanks in the table. (Enter all of your responses as integers.)

Workers

10

11

12

13

14

15

Output

5

29

41

47

50

52

Labor cost

$240

264

nothing

312

336

360

Material cost

$5

29

nothing

47

50

52

Fixed cost

$2

2

2

2

2

2

Total cost

$247

295

nothing

361

388

414

Marginal cost

--

$2

nothing

5

9

13

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