able 11-6 Quantity of workers Quantity of foot massages per day Fixed cost Variable cost Total cost Average total cost Marginal cost 0 0 1 10 2 25 3 45 4 60 5 70
. Write the word or phrase that best completes each statement or answers the question.
Table 11-6
|
Quantity of workers |
Quantity of foot massages per day |
Fixed cost |
Variable cost |
Total cost |
|
Marginal cost |
|
0 |
0 |
|
|
|
|
|
|
1 |
10 |
|
|
|
|
|
|
2 |
25 |
|
|
|
|
|
|
3 |
45 |
|
|
|
|
|
|
4 |
60 |
|
|
|
|
|
|
5 |
70 |
|
|
|
|
|
4) Refer to Table 11-6. Alicia Gregory owns a foot massage business. She leases 4 4) computer- controlled massage booths, for which she pays $125 per day. She cannot increase the number machines she leases without giving the manufacturer 3 months' notice. She can hire as many workers as she wants at a cost of $75 per day per worker. These are the only two inputs she uses in her business. Use this information to fill in the columns in the above table.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
