Answer to Question #168735 in Economics for pares

Question #168735

Units of Labour

Fixed Cost

Variable Cost

Total Cost

$ 1500

n/a

n/a

1

$1500

2

$1500

3

$1500

4

$1500

5

$1500

Expert's answer

L FC VC TC

0 1500 0 1500

We need to know the labor wage to calculate the variable and total cost at L = 1, 2, 3, 4 and 5.

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