A glass factory is manufacturing a special type of stylist goldfish bowl. The factory pays each of workers $200 per shift. Five workers can make 300 bowls per shift. The fourth worker added 50 bowls to total output. The capital cost is fixed at $500 per s

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A glass factory is manufacturing a special type of stylist goldfish bowl. The factory pays each of workers $200 per shift. Five workers can make 300 bowls per shift. The fourth worker added 50 bowls to total output. The capital cost is fixed at $500 per s

A glass factory is manufacturing a special type of stylist goldfish bowl. The factory pays each of workers $200 per shift. Five workers can make 300 bowls per shift. The fourth worker added 50 bowls to total output. The capital cost is fixed at $500 per shift.

1.What is the marginal cost of one of the 50 bowls made by the fourth worker?

2.

Calculate the average fixed, average variable, and average total costs of making 300 bowls.

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A glass factory is manufacturing a special type of stylist goldfish bowl. The factory pays each of workers $200 per shift. Five workers can make 300 bowls per shift. The fourth worker added 50 bowls to total output. The capital cost is fixed at $500 per s

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Question 2 le sets out Sue's Surfboard's total product schedule. Labor (workers per week) Output (sur hoards per week) 10 100 170 190 200 (a) Calculate the average product of labor and dr...

A glass factory is manufacturing a special type of stylist goldfish bowl. The factory pays each of workers $200 per shift. Five workers can make 300 bowls per shift. The fourth worker added 50 bowls to total output. The capital cost is fixed at $500 per s

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Question 2 le sets out Sue's Surfboard's total product schedule. Labor (workers per week) Output (sur hoards per week) 10 100 170 190 200 (a) Calculate the average product of labor and dr...

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A glass factory is manufacturing a special type of stylist goldfish bowl. The factory pays each of workers $200 per shift. Five workers can make 300 bowls per shift. The fourth worker added 50 bowls to total output. The capital cost is fixed at $500 per s