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Summative Assessment: Elasticity, Consumer Choice, and Prod... Saved Marcel leases a garage. He must pay $300 every week for his lease regardless of how many
Summative Assessment: Elasticity, Consumer Choice, and Prod... Saved Marcel leases a garage. He must pay $300 every week for his lease regardless of how many cars he fixes. The number of cars he fixes each week depends on how many mechanics he hires. The table below summarizes his cost information. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below Instructions: Enter your answers as a whole number Marcel's Production Costs Total Fixed Cost Total Variable Total Cost Output (dollars) Cost (dollars) (dollars) $300 $0 $300 10 300 BOO 600 20 500 30 900 40 1 , 500 50 1 , 300
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