Assume that the above data are for Ali's Surfboards firm which hires workers at $500 a week and its total fixed cost is $1,000 a week. Calculate APL,MPL, AVC, AFC, AC, and MC of each output in the table, ( Values are given for L=1, you are asked to do the rest up to L=7).Labor Output APL MPL AVC AFC AC MC
Assume that the above data are for Ali's Surfboards firm which hires workers at $500 a week and its total fixed cost is $1,000 a week. Calculate APL,MPL, AVC, AFC, AC, and MC of each output in the table, ( Values are given for L=1, you are asked to do the rest up to L=7).Labor Output APL MPL AVC AFC AC MC
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Assume that the above data are for Ali's Surfboards firm which hires workers at $500 a week and its total fixed cost is $1,000 a week.
Calculate APL,MPL,
![Labor
(workers
per week)
Output
(surfboards
per week)
30
1
2
70
3
120
4
160
190
6.
210
7
220](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5389678-4697-4414-a7d2-b6c7a90c9d44%2Fc1e22159-5992-45b5-848a-3e4858382ce8%2Fh6qmqcc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Labor
(workers
per week)
Output
(surfboards
per week)
30
1
2
70
3
120
4
160
190
6.
210
7
220
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