The table gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 50 bikes? Total fixed Labor (workers) Output (bikes) costs (dollars) Total variable cost Total cost (dollars) (dollars) 0 0 200 1 20 2 50 3 60 64 Your answer The table gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 50 bikes? Total fixed Labor (workers) Output (bikes) costs (dollars) Total variable cost Total cost (dollars) (dollars) 0 0 200 1 20 2 50 3 60 64 Your answer