Joel hires students to sell magazine subscriptions at $450 per student per week. He leases equipment that costs $600 per week The table gives Joel's total product schedule. Suppose Joel sells 12 subscriptions a week. Calculate his total cost, average total cost, and marginal cost. >>>Answer all questions to 2 decimal places. Total cost is S a week when Joel sells 12 subscriptions a week. When Joel sells 12 subscriptions a week, average total cost is $ a house. When Joel sells 12 subscriptions a week, marginal cost is. a house,
Joel hires students to sell magazine subscriptions at $450 per student per week. He leases equipment that costs $600 per week The table gives Joel's total product schedule. Suppose Joel sells 12 subscriptions a week. Calculate his total cost, average total cost, and marginal cost. >>>Answer all questions to 2 decimal places. Total cost is S a week when Joel sells 12 subscriptions a week. When Joel sells 12 subscriptions a week, average total cost is $ a house. When Joel sells 12 subscriptions a week, marginal cost is. a house,
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Joel hires students to sell magazine subscriptions at $450 per student per week. He leases equipment that costs $600 per week.
The table gives Joel's total product schedule.
Suppose Joel sells 12 subscriptions a week.
Calculate his total cost, average total cost, and marginal cost.
>>>Answer all questions to 2 decimal places.
Total cost is S a week when Joel sells 12 subscriptions a week.
When Joel sells 12 subscriptions a week, average total
cost is $ a house.
When Joel sells 12 subscriptions a week, marginal cost is.
a house,

Transcribed Image Text:Labor
(students)
0
123456
Output
(subscriptions per week)
037
2692
12
16
19
21
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