Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the rate of tk. 4689.0 per worker and their fixed cost is equal to tk. 11032.0 per week. The table below is the product schedule of Watchshop Labour (workers hired per week) Output (watches produced per week) 1 33.0 2 73.0 123.0 4 163.0 193.0 213.0 223.0 (a) What is the total cost, when output is 123.0? Give your answer in 2-decimal places. (b) What is the marginal cost per unit when we move from output 193.0 to output 213.0? Give your answer in 2-decimal places.

Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the rate of tk. 4689.0 per worker and their fixed cost is equal to tk. 11032.0 per week. The table below is the product schedule of Watchshop Labour (workers hired per week) Output (watches produced per week) 1 33.0 2 73.0 123.0 4 163.0 193.0 213.0 223.0 (a) What is the total cost, when output is 123.0? Give your answer in 2-decimal places. (b) What is the marginal cost per unit when we move from output 193.0 to output 213.0? Give your answer in 2-decimal places.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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