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不 The following table shows the daily relationship between the number of workers and output (Q) for a small factory in the short run, with capital held constant. Each worker costs $100 per day. the firm has fixed costs of $100 per day. Calculate total cost (TC), marginal cost (MC), and average total cost (ATC). (Round your answers to two decimal places.) TC MC ATC Workers 0 Q 0 1 50 2 110 3 176 4 229 5 252 This question: 4 point(s) possible Submit test

不 The following table shows the daily relationship between the number of workers and output (Q) for a small factory in the short run, with capital held constant. Each worker costs $100 per day. the firm has fixed costs of $100 per day. Calculate total cost (TC), marginal cost (MC), and average total cost (ATC). (Round your answers to two decimal places.) TC MC ATC Workers 0 Q 0 1 50 2 110 3 176 4 229 5 252 This question: 4 point(s) possible Submit test

Microeconomics A Contemporary Intro
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 18PAE
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不 The following table shows the daily relationship between the number of workers and output (Q) for a small factory in the short run, with capital held constant. Each worker costs $100 per day. the firm has fixed costs of $100 per day. Calculate total cost (TC), marginal cost (MC), and average total cost (ATC). (Round your answers to two decimal places.) TC MC ATC Workers 0 Q 0 1 50 2 110 3 176 4 229 5 252 This question: 4 point(s) possible Submit test
Transcribed Image Text:不 The following table shows the daily relationship between the number of workers and output (Q) for a small factory in the short run, with capital held constant. Each worker costs $100 per day. the firm has fixed costs of $100 per day. Calculate total cost (TC), marginal cost (MC), and average total cost (ATC). (Round your answers to two decimal places.) TC MC ATC Workers 0 Q 0 1 50 2 110 3 176 4 229 5 252 This question: 4 point(s) possible Submit test
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