The only variable input a janitorial service firm uses to clean offices is workers who are paid a wage, w, of $10 an hour. Each worker can clean four offices in an hour. Use math to determine the variable cost, the average variable cost, and the marginal cost of cleaning one more office. The variable cost of cleaning the first office is $2.5Q, average variable cost of cleaning one more office is $ 2.5, and marginal cost of cleaning one more office is $2.5. (Enter your response rounded to two decimal places.)
The only variable input a janitorial service firm uses to clean offices is workers who are paid a wage, w, of $10 an hour. Each worker can clean four offices in an hour. Use math to determine the variable cost, the average variable cost, and the marginal cost of cleaning one more office. The variable cost of cleaning the first office is $2.5Q, average variable cost of cleaning one more office is $ 2.5, and marginal cost of cleaning one more office is $2.5. (Enter your response rounded to two decimal places.)
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section7.A: Appendix: A Closer Look At Production And Cost
Problem 1AQ
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Transcribed Image Text:The only variable input a janitorial service firm uses to clean offices is workers who are paid a
wage, w, of $10 an hour. Each worker can clean four offices in an hour. Use math to determine
the variable cost, the average variable cost, and the marginal cost of cleaning one more office.
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The variable cost of cleaning the first office is $2.5Q, average variable cost of cleaning one
more office is $2.5 , and marginal cost of cleaning one more office is $2.5. (Enter your
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response rounded to two decimal places.)
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1.) Using the line drawing tool, graph the variable cost curve. Label this curve "VG."
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2.) Using the line drawing tool, graph the average variable cost curve. Label this curve 'AVC.
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3.) Using the line drawing tool, graph the marginal cost curve. Label this curve 'MC.
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Carefully follow the instructions above, and only draw the required objects.
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