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?
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?
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)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1be709cc-33b2-4a0e-b490-d5c0b469378e%2Fc0b766f7-0bb4-4d2a-a4ac-f3d0b8fb380a%2Fo19rhgi_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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