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,

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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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: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,
Labor
(students)
0
123456
Output
(subscriptions per week)
037
2692
12
16
19
21
Transcribed Image Text:Labor (students) 0 123456 Output (subscriptions per week) 037 2692 12 16 19 21
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