++ MY Q of Workers 0 1 2 3 4 NSC Bakery specializes in making bread. It has fixed costs associated with space and equipment of $200 per day. Each worker is paid $100 per day, which is their only variable cost. Your task is to fill-in the cells (those with a ?) in the following table. (Round to two decimal places – Example: 2.33) 5 Q of Bread (Loaves per day) 0 35 65 90 110 120 Marginal Total Average Total Product Variable | Variable Fixed of each Cost Cost Cost worker (TVC) (AVC) (TFC) ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Average Fixed Cost (AFC) סי ? ? ? ? Total Cost (TC) ? ? ? Marginal Cost (MC) of each loaf ? ? ? ? ?

++ MY Q of Workers 0 1 2 3 4 NSC Bakery specializes in making bread. It has fixed costs associated with space and equipment of $200 per day. Each worker is paid $100 per day, which is their only variable cost. Your task is to fill-in the cells (those with a ?) in the following table. (Round to two decimal places – Example: 2.33) 5 Q of Bread (Loaves per day) 0 35 65 90 110 120 Marginal Total Average Total Product Variable | Variable Fixed of each Cost Cost Cost worker (TVC) (AVC) (TFC) ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Average Fixed Cost (AFC) סי ? ? ? ? Total Cost (TC) ? ? ? Marginal Cost (MC) of each loaf ? ? ? ? ?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter4: Extent (how Much) Decisions

Section: Chapter Questions

Problem 3MC

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Workers per day Variable cost in S per day Pizza Fixed cost in S per day 400 6.00 400- 400. 400 400 Eper day 01 400 0- 200 (350 1750 450 600 31 ... .... 13 DIS 145 170 260- 850 400 800 28. Referring to the table above, when thesecond worker.is hired, the marginal cost per pizza is equal to: a. )$3 5. $75 'mC= poutput. 在三 EE=TC- TVC TS-TFC tTV - yo + 36 C. %3D d) $150
Cost curves Egidio Binaccio designed an ancestry app that allows people to connect with long lost Italian relatives. Egidio notices the following relationship between the number of hours he schedules and the number of downloads (sales) he gets. Below is a production function, for Egidios current company set up. NUMBER of LABOUR DOWNLOADS HOURS B) 10 C) 20 30 40 50 60 70 80 90 100 110 120 130 140 6.50 11.00 14.50 17.50 20.50 23.75 27.50 32.00 37.50 44.50 53.50 65.00 79.50 97.50 TVC TC MC AVC Suppose the firm can hire all the labour it would ever want at the going wage of $8 per labour-hour. The firm's total fixed costs are $64 per day. A) ATC Fill in the table showing total variable cost (TVC), total cost (TC), average variable cost (AVC), average total cost (ATC), and marginal cost (MC). [Remember: Marginal cost should be entered midway between rows of output.] On a graph with DOWNLOADS (per day) on the horizontal axis, draw the three "per-unit" cost curves, AVC, ATC, and MC. [Note…
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