A county government hires lawyers to defend itself in lawsuits. The local government provides its legal staff with an office building. The table below shows how many cases can be handled with different numbers of lawyers over the course of a year. Lawyers Office Buildings Cases 1 2 14 3 1 18 4 20 21 Suppose each lawyer is paid $70,000 per year and the office building is rented for $600,000 per year. If the county decides to hire 3 lawyers to handle 18 lawsuits, what will be the average fixed cost of each case? What will be the average variable cost of each case? The average fixed cost of each case will be $ per year, and the average variable cost will be $ (Enter numeric responses using real numbers rounded to two decimal places.)

A county government hires lawyers to defend itself in lawsuits. The local government provides its legal staff with an office building. The table below shows how many cases can be handled with different numbers of lawyers over the course of a year. Lawyers Office Buildings Cases 1 2 14 3 1 18 4 20 21 Suppose each lawyer is paid $70,000 per year and the office building is rented for $600,000 per year. If the county decides to hire 3 lawyers to handle 18 lawsuits, what will be the average fixed cost of each case? What will be the average variable cost of each case? The average fixed cost of each case will be $ per year, and the average variable cost will be $ (Enter numeric responses using real numbers rounded to two decimal places.)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...

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