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Work (workers per week ) Production (Boards per week) Total Fixed cost $ Total variable Cost $ Total Cost $ Average Total Cost Marginal Cost
Work (workers per week ) Production (Boards per week) Total Fixed cost $ Total variable Cost $ Total Cost $ Average Total Cost Marginal Cost 1 30 1,000 2 70 1,000 3 120 1,000 4 160 1,000 5 190 1,000 6 210 1,000 7 220 1,000
| Work (workers per week ) | Production (Boards per week) | Total Fixed cost $ | Total variable Cost $ | Total Cost $ | Average Total Cost | Marginal Cost |
| 1 | 30 | 1,000 | ||||
| 2 | 70 | 1,000 | ||||
| 3 | 120 | 1,000 | ||||
| 4 | 160 | 1,000 | ||||
| 5 | 190 | 1,000 | ||||
| 6 | 210 | 1,000 | ||||
| 7 | 220 | 1,000 | ||||
Each worker receives a salary of $500.00 per week and the company's fixed cost is $1,000 per week. Complete the following Table.
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Economics
Authors: Michael Parkin
14th Global Edition
9781292433639
