t's birdhouse factory rents equipment for s students. It pays $50 a day for equipment and $14 e table shows Matt's total product sched onstruct Matt's total variable cost and tota lumns in the table.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Matt's birdhouse factory rents equipment for constructing birdhouses and
hires students.
Matt pays $50 a day for equipment and $140 a day for each student hired.
The table shows Matt's total product schedule.
Construct Matt's total variable cost and total cost schedules. Fill in the
columns in the table.
Help me solve this Animation Get more help.
M
Labor
(workers
per day)
2
3
4
5
Total
product
(birdhouses per
day)
66
108
142
170
Clear all
Total variable
cost
Total
cost
(dollars per day)
Check answer
'1
12
1)
(1)
Transcribed Image Text:Matt's birdhouse factory rents equipment for constructing birdhouses and hires students. Matt pays $50 a day for equipment and $140 a day for each student hired. The table shows Matt's total product schedule. Construct Matt's total variable cost and total cost schedules. Fill in the columns in the table. Help me solve this Animation Get more help. M Labor (workers per day) 2 3 4 5 Total product (birdhouses per day) 66 108 142 170 Clear all Total variable cost Total cost (dollars per day) Check answer '1 12 1) (1)
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