Marty pays each of his workers $80 per day. The cost of his other variable inputs is

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Marty pays each of his workers $80 per day. The cost of his other variable inputs is $0.50 per cup of yogurt. His fixed cost is $100 per day.

a. What is Marty’s variable cost and total cost when he produces 110 cups of yogurt? 200 cups? Calculate variable and total cost for every level of output given in Problem

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Economics

ISBN: 9781319181949

5th Edition

Authors: Paul Krugman, Robin Wells

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