Suppose you own a small Italian news website. Your team consists of journalists who write news articles on the website. The wage of each journalist is ?3000 per month. Your office building and utilities cost ?8000 per month. The business earns ad revenue from each article itproduces.

From past experience, you know the number of articles you can produce based on the number of journalists you employ.

No. of Journalists No. of articles per month 15 2 29 UJ 42 4 54 65 6 75 7 84 CO 92 9 99 10 105No. of Articles per Fixed Cost per Variable Cost per Total Cost per Average Total Marginal Journalists Month Month Month Month Cost Marginal Cost Revenue Total Profit 15 IN 29 42 4 54 65 75 84 92 99 10 105