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Table 14-9 Labor (Number of workers) Output (Units) Fixed Cost (Dollars) Variable Cost (Dollars) 0 0 30 0 1 100 30 15 2 180 30
Table 14-9 Labor (Number of workers) Output (Units) Fixed Cost (Dollars) Variable Cost (Dollars) 0 0 30 0 1 100 30 15 2 180 30 30 3 240 30 45 4 280 30 60 5 300 30 75 Refer to Table 14-9. The average total cost of producing 240 units is a. $0.80. b. $0.32. c. $0.19. d. $0.13
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
