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Macmillan Learning Use the table showing output and costs for Betty Lou's Burritos to answer the questions. Round your answers to two decimal places. Labor Total fixed Total variable Output Total cost (workers per day) (units per day) cost ($ per day) cost ($ per day) ($ per day) 0 0 50 0 50 1 8 50 25 75 2 12 50 50 100 3 20 50 75 125 4 25 50 100 150 5 29 50 125 175 What is the marginal cost of going from 2 workers per day to 3 workers per day? marginal cost of the third worker: $ What is the marginal cost of going from 4 workers per day to 5 workers per day? marginal cost of the fifth worker: $

Macmillan Learning Use the table showing output and costs for Betty Lou's Burritos to answer the questions. Round your answers to two decimal places. Labor Total fixed Total variable Output Total cost (workers per day) (units per day) cost ($ per day) cost ($ per day) ($ per day) 0 0 50 0 50 1 8 50 25 75 2 12 50 50 100 3 20 50 75 125 4 25 50 100 150 5 29 50 125 175 What is the marginal cost of going from 2 workers per day to 3 workers per day? marginal cost of the third worker: $ What is the marginal cost of going from 4 workers per day to 5 workers per day? marginal cost of the fifth worker: $

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: Production And Costs
Section21.4: Costs Of Production: Total, Average, Marginal
Problem 1ST
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Macmillan Learning Use the table showing output and costs for Betty Lou's Burritos to answer the questions. Round your answers to two decimal places. Labor Total fixed Total variable Output Total cost (workers per day) (units per day) cost ($ per day) cost ($ per day) ($ per day) 0 0 50 0 50 1 8 50 25 75 2 12 50 50 100 3 20 50 75 125 4 25 50 100 150 5 29 50 125 175 What is the marginal cost of going from 2 workers per day to 3 workers per day? marginal cost of the third worker: $ What is the marginal cost of going from 4 workers per day to 5 workers per day? marginal cost of the fifth worker: $
Transcribed Image Text:Macmillan Learning Use the table showing output and costs for Betty Lou's Burritos to answer the questions. Round your answers to two decimal places. Labor Total fixed Total variable Output Total cost (workers per day) (units per day) cost ($ per day) cost ($ per day) ($ per day) 0 0 50 0 50 1 8 50 25 75 2 12 50 50 100 3 20 50 75 125 4 25 50 100 150 5 29 50 125 175 What is the marginal cost of going from 2 workers per day to 3 workers per day? marginal cost of the third worker: $ What is the marginal cost of going from 4 workers per day to 5 workers per day? marginal cost of the fifth worker: $
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