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Macmillan Learning Use the table showing output and costs for Betty Lou's Burritos to answer the questions. Round your answers to two decimal places. Labor Total fixed Total variable Output Total cost (workers per day) (units per day) cost ($ per day) cost ($ per day) ($ per day) 0 0 50 0 50 1 8 50 25 75 2 12 50 50 100 3 20 50 75 125 4 25 50 100 150 5 29 50 125 175 What is the marginal cost of going from 2 workers per day to 3 workers per day? marginal cost of the third worker: $ What is the marginal cost of going from 4 workers per day to 5 workers per day? marginal cost of the fifth worker: $

Macmillan Learning Use the table showing output and costs for Betty Lou's Burritos to answer the questions. Round your answers to two decimal places. Labor Total fixed Total variable Output Total cost (workers per day) (units per day) cost ($ per day) cost ($ per day) ($ per day) 0 0 50 0 50 1 8 50 25 75 2 12 50 50 100 3 20 50 75 125 4 25 50 100 150 5 29 50 125 175 What is the marginal cost of going from 2 workers per day to 3 workers per day? marginal cost of the third worker: $ What is the marginal cost of going from 4 workers per day to 5 workers per day? marginal cost of the fifth worker: $

Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Macmillan Learning Use the table showing output and costs for Betty Lou's Burritos to answer the questions. Round your answers to two decimal places. Labor Total fixed Total variable Output Total cost (workers per day) (units per day) cost ($ per day) cost ($ per day) ($ per day) 0 0 50 0 50 1 8 50 25 75 2 12 50 50 100 3 20 50 75 125 4 25 50 100 150 5 29 50 125 175 What is the marginal cost of going from 2 workers per day to 3 workers per day? marginal cost of the third worker: $ What is the marginal cost of going from 4 workers per day to 5 workers per day? marginal cost of the fifth worker: $
Transcribed Image Text:Macmillan Learning Use the table showing output and costs for Betty Lou's Burritos to answer the questions. Round your answers to two decimal places. Labor Total fixed Total variable Output Total cost (workers per day) (units per day) cost ($ per day) cost ($ per day) ($ per day) 0 0 50 0 50 1 8 50 25 75 2 12 50 50 100 3 20 50 75 125 4 25 50 100 150 5 29 50 125 175 What is the marginal cost of going from 2 workers per day to 3 workers per day? marginal cost of the third worker: $ What is the marginal cost of going from 4 workers per day to 5 workers per day? marginal cost of the fifth worker: $
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