Workers Total Product Total Cost (per day) (units per day) ($) 100 1 10 120 2 18 140 3 24 160 4 29 180 5 32 200 Using the data in the above table, the fixed cost of producing units per day is O a. $100

Workers Total Product Total Cost (per day) (units per day) ($) 100 1 10 120 2 18 140 3 24 160 4 29 180 5 32 200 Using the data in the above table, the fixed cost of producing units per day is O a. $100

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Question

Workers
Total Product
Total Cost
(per day)
(units per day)
($)
100
10
120
2
18
140
3
24
160
29
180
5
32
200
Using the data in the above table, the fixed cost of producing units per day is
O a. $100
O b. $20
O. S0
O d. None of the answers is correct

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