In the table, the average variable cost of producing 14 units ofoutput isCost scheduleTotal vari-LaborOutput(units perday)able cost Total cost(work-ers)(dollars)(dollars)30503.204070126090148011015100130OA. $0.175OB. $5.71.C. $7.86.OD. $10.00.2345

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putput is Cost schedule Total vari- Labor Output (units per day) Total cost (dollars) able cost (work- ers) (dollars) 0. 30 1 20 50 40 70 12 60 80 90 4 14 110 15 100 130 OA. $0.175 OB. $5.71. OC. $7.86. OD. $10.00.

putput is Cost schedule Total vari- Labor Output (units per day) Total cost (dollars) able cost (work- ers) (dollars) 0. 30 1 20 50 40 70 12 60 80 90 4 14 110 15 100 130 OA. $0.175 OB. $5.71. OC. $7.86. OD. $10.00.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 19RQ: What shapes would you generally expect each of the following cost curves to have: fixed costs,...

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Question

In the table, the average variable cost of producing 14 units of
output is
Cost schedule
Total vari-
Labor
Output
(units per
day)
able cost Total cost
(work-
ers)
(dollars)
(dollars)
30
50
3.
20
40
70
12
60
90
14
80
110
15
100
130
OA. $0.175
OB. $5.71.
C. $7.86.
OD. $10.00.
2345

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