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ECO - Vaclea is a company that makes vacuum-cleaners and then sells them door-to-door

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Question;Vaclea is a company that makes vacuum-cleaners and then sells them door-to-door. Here is the relationship between the number of workers and Clean Sweep's output in a given day:Workers - Output - Marginal Product - Average Total Cost - Marginal Cost0 01 202 503 904 1205 1406 1507 155a) Fill in the column of marginal products. What pattern do you see? How might you explain it?b) A worker costs ?100 a day, and the firm has fixed costs of ?200. Use this information to fill in the column for total cost.c) Fill in the column for average total cost. (Recall that ATC=TC/Q.)d) Now fill in the column for marginal cost. (Recall that MC=?TC/?Q.)

 

Paper#55955 | Written in 18-Jul-2015

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