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Table 3 Labor (Number of workers) Output (Units) Fixed Cost (Dollars) Variable Cost (Dollars) 0 0 30 0 1 100 30 15 2 180 30
Table 3 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 3. The average variable cost of producing 240 units is approximately $0.13. $0.19. $0.32. $0.80
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Managerial Economics
Authors: Mark Hirschey
12th edition
9780324584844, 324588860, 324584849, 978-0324588866
