The accompanying table shows the total daily output for a firm producing specialty cakes and operating with a fixed amou

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The Accompanying Table Shows The Total Daily Output For A Firm Producing Specialty Cakes And Operating With A Fixed Amou 1 (70.93 KiB) Viewed 8 times

The accompanying table shows the total daily output for a firm producing specialty cakes and operating with a fixed amount of capital. The cost of labour is $50 per unit per day and the fixed cost of the capital is $1000 per day. Click the icon to view the table. a. Using the information provided, compute all of the short-run costs for this firm and complete the table. Remember to record the marginal costs between the rows indicating total cost. Complete the third, fourth, and fifth columns of the table. Units of Labour Total Output (per day) (per day) 100 18 12 16 20 24 28 300 900 1570 1910 2050 2150 CERIE TFC TVC TC MC AFC AVC ATC