You own a yogurt shop.Complete the table: Wages per worker are $80, other variable input costs are $0.50 per cup, and Fixed Costs are $100.Complete the table.Please show the calculation, thank you. CupsofFroYoO110200270300320330Workers Labo OtherVariableInputCostO123456rCostVariable Total Average Average Average MarginalCostCostFixedVariable(VC) (TC)Cost(AFC)Cost(AVC)TotalCost(ATC)Cost(MC)

total cost is defined as the sum of all the expenses incurred by the producer to produce goods.…

Answered: Cups of FroYo Workers Labo r Cost Other…

Cups of FroYo Workers Labo r Cost Other Variable Input Variable Total Average Average Average Cost Variable (TC) Cost Cost (VC) Fixed Cost (AFC Total Cost (ATC) Marginal Cost (MC)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

You own a yogurt shop.

Complete the table: Wages per worker are $80, other variable input costs are $0.50 per cup, and Fixed Costs are $100.

Complete the table.

Please show the calculation, thank you.

Cups
of
FroYo
O
110
200
270
300
320
330
Workers Labo Other
Variable
Input
Cost
O
1
2
3
4
5
6
r
Cost
Variable Total Average Average Average Marginal
Cost
Cost
Fixed
Variable
(VC) (TC)
Cost
(AFC)
Cost
(AVC)
Total
Cost
(ATC)
Cost
(MC)

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