Suppose that a company has a fixed cost to produce of $50. Its variable cost is $25 per worker. The following table summarizes the firm’s production and costs.
Fill in the column for fixed cost. Round the answers to two decimal places.
Workers | Total Product | Fixed Cost |
---|---|---|
0 | 0 | 50 |
1 | 12 | 50 |
2 | 25 | |
3 | 39 | |
4 | 48 | |
5 | 50 | |
6 | 51 |
Suppose that a company has a fixed cost to produce of $50. Its variable cost is $25 per worker. The following table summarizes the firm’s production and costs.
Fill in the column for variable cost.
Workers | Total Product | Fixed Cost | Variable Cost |
---|---|---|---|
0 | 0 | 50 | 0 |
1 | 12 | 50 | 25 |
2 | 25 | 50 | |
3 | 39 | 50 | |
4 | 48 | 50 | |
5 | 50 | 50 | |
6 | 51 | 50 |
Fill in the column for total cost.
Workers | Total Product | Fixed Cost | Variable Cost | Total Cost |
---|---|---|---|---|
0 | 0 | 50 | 0 | 50 |
1 | 12 | 50 | 25 | 75 |
2 | 25 | 50 | 50 | |
3 | 39 | 50 | 75 | |
4 | 48 | 50 | 100 | |
5 | 50 | 50 | 125 | |
6 | 51 | 50 | 150 |
Suppose that a company has a fixed cost to produce of $50. Its variable cost is $25 per worker. The following table summarizes the firm’s production and costs.
Fill in the column for average fixed cost. Round to two decimal places.
Workers | Total Product | Fixed Cost | Variable Cost | Total Cost | Average Fixed Cost |
---|---|---|---|---|---|
0 | 0 | 50 | 0 | 50 | |
1 | 12 | 50 | 25 | 75 | 4.17 |
2 | 25 | 50 | 50 | 100 | |
3 | 39 | 50 | 75 | 125 | |
4 | 48 | 50 | 100 | 150 | |
5 | 50 | 50 | 125 | 175 | |
6 | 51 | 50 | 150 | 200 |
Suppose that a company has a fixed cost to produce of $50. Its variable cost is $25 per worker. The following table summarizes the firm’s production and costs.
Fill in the column for average variable cost.
Workers | Total Product | Fixed Cost | Variable Cost | Total Cost | Average Fixed Cost | Average Variable Cost |
---|---|---|---|---|---|---|
0 | 0 | 50 | 0 | 50 | ||
1 | 12 | 50 | 25 | 75 | 4.17 | 2.08 |
2 | 25 | 50 | 50 | 100 | 2.00 | |
3 | 39 | 50 | 75 | 125 | 1.28 | |
4 | 48 | 50 | 100 | 150 | 1.04 | |
5 | 50 | 50 | 125 | 175 | 1.00 | |
6 | 51 | 50 | 150 | 200 | 0.98 |
Suppose that a company has a fixed cost to produce of $50. Its variable cost is $25 per worker. The following table summarizes the firm’s production and costs.
Fill in the column for average total cost.
Workers | Total Product | Fixed Cost | Variable Cost | Total Cost | Average Fixed Cost | Average Variable Cost | Average Total Cost |
---|---|---|---|---|---|---|---|
0 | 0 | 50 | 0 | 50 | |||
1 | 12 | 50 | 25 | 75 | 4.17 | 2.08 | 6.25 |
2 | 25 | 50 | 50 | 100 | 2.00 | 2.00 | |
3 | 39 | 50 | 75 | 125 | 1.28 | 1.92 | |
4 | 48 | 50 | 100 | 150 | 1.04 | 2.08 | |
5 | 50 | 50 | 125 | 175 | 1.00 | 2.50 | |
6 | 51 | 50 | 150 | 200 | 0.98 | 2.94 |
Suppose that a company has a fixed cost to produce of $50. Its variable cost is $25 per worker. The following table summarizes the firm’s production and costs.
Fill in the column for marginal cost.
Workers | Total Product | Fixed Cost | Variable Cost | Total Cost | Average Fixed Cost | Average Variable Cost | Average Total Cost | Marginal Cost |
---|---|---|---|---|---|---|---|---|
0 | 0 | 50 | 0 | 50 | ||||
1 | 12 | 50 | 25 | 75 | 4.17 | 2.08 | 6.25 | 2.08 |
2 | 25 | 50 | 50 | 100 | 2.00 | 2.00 | 4.00 | |
3 | 39 | 50 | 75 | 125 | 1.28 | 1.92 | 3.21 | |
4 | 48 | 50 | 100 | 150 | 1.04 | 2.80 | 3.13 | |
5 | 50 | 50 | 125 | 175 | 1.00 | 2.50 | 3.50 | |
6 | 51 | 50 | 150 | 200 | 0.98 | 2.94 | 3.92 |