CS 17 Subject - Economics The only variable input a janitorial service firm uses to clean offices isworkers who are paid a wage, w, of $12 an hour. Each worker can clean fouroffices in an hour. Use math to determine the variable cost, the averagevariable cost, and the marginal cost of cleaning one more office.$The average variable cost, and marginal cost of cleaning one more office is(Enter a numeric response using a real number rounded to twodecimal places.)Use the line drawing tool to graph the variable cost (VC), the averagevariable cost (AVC), and the marginal cost (MC) curves. Properly label eachof the three lines.Carefully follow the instructions above, and only draw the required objects.Note: The graph to the right measures values using two different units.Variable cost is measured in dollars, while marginal cost and averagevariable cost are measured in dollars per unit. Although these relationshipsare not typically graphed together, it was done to illustrate the relationshipbetween variable cost and marginal cost (hint: compare marginal cost to theslope of the variable cost curve).Cost, Cost per unit, $26-24-22-20-18-16-14-12-10-8-6-4-2-0-024Quantity, q, Offices cleaned- co8Q10

The cost of production refers to the total expenses incurred by a business in the process of…

he only variable input a janitorial service firm uses to clean offices is orkers who are paid a wage, w, of $12 an hour. Each worker can clean four Fices in an hour. Use math to determine the variable cost, the average riable cost, and the marginal cost of cleaning one more office. he average variable cost, and marginal cost of cleaning one more office is (Enter a numeric response using a real number rounded to two cimal places.) se the line drawing tool to graph the variable cost (VC), the average riable cost (AVC), and the marginal cost (MC) curves. Properly label each the three lines. arefully follow the instructions above, and only draw the required objects. ote: The graph to the right measures values using two different units. ariable cost is measured in dollars, while marginal cost and average riable cost are measured in dollars per unit. Although these relationships e not typically graphed together, it was done to illustrate the relationship etween variable cost and marginal cost (hint: compare marginal cost to the ope of the variable cost curve). Cost, Cost per unit, $ 26- 24- 22- 20 18- 16- 14- 12- 10- 8- 6- 4- 2+ 04 0 2 4 Quantity a Offices cleaned 8