Construct Len’s total variable cost and total cost schedules. What does the difference between total cost and total variable cost at each output equal? Len's body board factory pays $60 a day for equipment and $200 a day to each student it hires. Thetable sets out Len's total product schedule.Labor Total product(workers (body boardsper day)per day)204460472

ANS Len’s body board factory pays $60 a day for equipment this is the fixed cost and it pays $200 a…

Answered: Construct Len’s total variable cost and…

Construct Len’s total variable cost and total cost schedules. What does the difference between total cost and total variable cost at each output equal?

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 18PAE

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Question

Construct Len’s total variable cost and total cost schedules. What does the difference between total cost and total variable cost at each output equal?

Len's body board factory pays $60 a day for equipment and $200 a day to each student it hires. The
table sets out Len's total product schedule.
Labor Total product
(workers (body boards
per day)
per day)
20
44
60
4
72

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