You own a yogurt shop.1) The inputs to the production of frozen yogurt are: 3 machines, refrigerators,frozen yogurt mix, cups, sprinkles, workers.What are the fixed inputs, and which are variable?2) Complete the table: Wages per worker are $80, other variable input costsare $0.50 per cup, and Fixed Costs are $100.Complete the table.OtherCups Worke Labor VariablofCoste InputFroYoCost0110200270300320330012C4LAVariabl Totale Cost Cost(VC)(TC)Average FixedCost(AFC)Averag AverageVariabl Totale Cost Cost(AVC) (ATC)MarginalCost(MC)

Fixed inputs are those inputs that do not change in order to change the production of a product.…

Answered: You own a yogurt shop. 1) The inputs to…

You own a yogurt shop. 1) The inputs to the production of frozen yogurt are: 3 machines, refrigerators, frozen yogurt mix, cups, sprinkles, workers. What are the fixed inputs, and which are variable?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

You own a yogurt shop.
1) The inputs to the production of frozen yogurt are: 3 machines, refrigerators,
frozen yogurt mix, cups, sprinkles, workers.
What are the fixed inputs, and which are variable?
2) Complete the table: Wages per worker are $80, other variable input costs
are $0.50 per cup, and Fixed Costs are $100.
Complete the table.
Other
Cups Worke Labor Variabl
of
Cost
e Input
FroYo
Cost
0
110
200
270
300
320
330
0
1
2
C
4
LA
Variabl Total
e Cost Cost
(VC)
(TC)
Averag
e Fixed
Cost
(AFC)
Averag Avera
ge
Variabl Total
e Cost Cost
(AVC) (ATC)
Margi
nal
Cost
(MC)

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