Homework Answers
Answer : Here worker cost is the variable cost. Per worker cost is $4,000 per month.
| Quantity of workers | Quantity of cars per month (Q) | Fixed cost (FC) |
Variable cost (VC) = number of workers * per worker cost |
Total cost (TC) = FC + VC | Average total cost = TC /Q |
| 0 | 0 | $8,000 | $0 | $8,000 | - |
| 1 | 20 | $8,000 | $4,000 | $12,000 | $600 |
| 2 | 30 | $8,000 | $8,000 | $16,000 | $533.33 |
| 3 | 40 | $8,000 | $12,000 | $20,000 | $500 |
| 4 | 50 | $8,000 | $16,000 | $24,000 | $480 |
| 5 | 55 | $8,000 | $20,000 | $28,000 | $509.09 |
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