Camille's variable cost, VC is his wage cost ($80 per worker per day) and his other input costs ($0,50 per cup)complete the tableLabour (workers)Quantity of frozen yogurt (CUPS)FC (FIXED COST)VC (VARIABLE COST)TC (TOTAL COST)AC (AVERAGE COST) MC (MARGINAL COST)111080$55.00235 220080$100.00 327080$135.00 430080$150.00 532080$160.00

Total cost = Total fixed cost + Total variable cost Average cost = Total cost / OUTPUT MC = TCn -…

Answered: Camille's variable cost, VC is his wage…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 5CQQ

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Camille's variable cost, VC is his wage cost ($80 per worker per day) and his other input costs ($0,50 per cup)

complete the table

Labour (workers)	Quantity of frozen yogurt (CUPS)	FC (FIXED COST)	VC (VARIABLE COST)	TC (TOTAL COST)	AC (AVERAGE COST)	MC (MARGINAL COST)
1	110	80	$55.00	235
2	200	80	$100.00
3	270	80	$135.00
4	300	80	$150.00
5	320	80	$160.00

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