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.
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