Use the following to answer questions 3-8: Number of Workers Total Cost 1000 1 2200 2 3200 4000 4 4600 5 5000 5200 7 5600 8. 6200 7000 10 8000 If the firms hires 5 workers and produces 5 units, the average variable costs equals a. Need more information b. S100 Oc. $800 Od. S10 3.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Use the following to answer questions 3-8:
Number of Workers
Total Cost
1000
1
2200
3200
4000
4
4600
5
5000
9.
5200
7
5600
8.
6200
7000
10
8000
If the firms hires 5 workers and produces 5 units, the average variable costs equals
Oa. Need more information
b. S100
Oc. $800
OIS PO
3.
9
Transcribed Image Text:Use the following to answer questions 3-8: Number of Workers Total Cost 1000 1 2200 3200 4000 4 4600 5 5000 9. 5200 7 5600 8. 6200 7000 10 8000 If the firms hires 5 workers and produces 5 units, the average variable costs equals Oa. Need more information b. S100 Oc. $800 OIS PO 3. 9
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