Scott owns a law-enforcement training operation in Boise, Idaho. He employs three trainers. The last trainer Scott hired increased Scott's total cost by $466 per week even though the trainer brought in only one new client. Hence Scott's 1)total variable cost equals $466. 2)marginal cost of the last client equals $466. 3)marginal cost of the last worker equals $233. 4)total variable cost equals $233. 5)total fixed cost of the last client equals $466.
Scott owns a law-enforcement training operation in Boise, Idaho. He employs three trainers. The last trainer Scott hired increased Scott's total cost by $466 per week even though the trainer brought in only one new client. Hence Scott's 1)total variable cost equals $466. 2)marginal cost of the last client equals $466. 3)marginal cost of the last worker equals $233. 4)total variable cost equals $233. 5)total fixed cost of the last client equals $466.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Scott owns a law-enforcement training operation in Boise, Idaho. He employs three trainers. The last trainer Scott hired increased Scott's total cost by $466 per week even though the trainer brought in only one new client. Hence Scott's
1)total variable cost equals $466.
2)marginal cost of the last client equals $466.
3)marginal cost of the last worker equals $233.
4)total variable cost equals $233.
5)total fixed cost of the last client equals $466.
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