Labor (workers) Output 0. 1 20 50 70 4 80 85 The table shows daily output for small pizzeria based on the number of workers hired. Suppose fixed costs are $20 and labor costs are 540 per worker. The average total cost of producing 80 units equals $2.25 per unit. 50.25 per unit. $1.50 per unit. S0.75 per unit O O O

Labor (workers) Output 0. 1 20 50 70 4 80 85 The table shows daily output for small pizzeria based on the number of workers hired. Suppose fixed costs are $20 and labor costs are 540 per worker. The average total cost of producing 80 units equals $2.25 per unit. 50.25 per unit. $1.50 per unit. S0.75 per unit O O O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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