Consider a firm that has just built a plant, which cost $1,000. Each worker costs $5.00 per hour. Based on this information, fill in the table below. (7 marks) Weeks Sanitizer sales 1 5600 2 5200 3 4570 4 4305 5 5465 6 8900 7 15680 8 24680 9 35040 10 36500 11 38575 12 35300 13 35200 14 35150 15 34950 16 345005 Number of Worker Hours Output Marginal Product Fixed Cost Variable Cost Total Cost Marginal Cost Average Variable Cost Average Total Cost 0 0 — — — 50 400 100 900 150 1300 200 1600 250 1800 300 1900 350 1950
Consider a firm that has just built a plant, which cost $1,000. Each
worker costs $5.00 per hour. Based on this information, fill in the
table below. (7 marks) Weeks Sanitizer sales 1 5600 2 5200 3 4570 4
4305 5 5465 6 8900 7 15680 8 24680 9 35040 10 36500 11 38575 12 35300
13 35200 14 35150 15 34950 16 345005 Number of Worker Hours Output
Marginal Product Fixed Cost Variable Cost Total Cost Marginal Cost
Average Variable Cost Average Total Cost 0 0 — — — 50 400 100 900
150 1300 200 1600 250 1800 300 1900 350 1950