LaborOutput Fixed Cost Variable Cost(Number of workers) (Units) (Dollars)(Dollars)3011003015180303032403045428030603003075Refer to the table above. The average total cost of producing 180 units isO $0.17O $0.33O $0.32O $0.15

Fixed costs are defined as those costs which do not change due to the change in the ouput. These…

Labor Output Fixed Cost Variable Cost (Number of workers) (Units) (Dollars) (Dollars) 30 1 100 30 15 2 180 30 30 3 240 30 45 4 280 30 60 300 30 75 Refer to the table above. The average total cost of producing 180 units is O $0.17 O $0.33 O $0.32 O $0.15

Labor Output Fixed Cost Variable Cost (Number of workers) (Units) (Dollars) (Dollars) 30 1 100 30 15 2 180 30 30 3 240 30 45 4 280 30 60 300 30 75 Refer to the table above. The average total cost of producing 180 units is O $0.17 O $0.33 O $0.32 O $0.15

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

Labor
Output Fixed Cost Variable Cost
(Number of workers) (Units) (Dollars)
(Dollars)
30
1
100
30
15
180
30
30
3
240
30
45
4
280
30
60
300
30
75
Refer to the table above. The average total cost of producing 180 units is
O $0.17
O $0.33
O $0.32
O $0.15

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