The table above gives costs at Jan's Bike Shop. Unfortunately, ...

[jessicacav]

Labor (workers)	Output (bikes)	Total fixed costs (dollars)	Total variable cost (dollars)	Total cost (dollars)
0	0	200	​	​
1	20	​	100	​
2	50	​	​	​
3	60	​	​	​
4	64	​	​	​

The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total cost of producing 50 bikes?
◦ $100
◦ $200
◦ $300
◦ $400
◦ $500

[kjo;oj]

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[vicky]

Labor (workers)	Output (bikes)	Total fixed costs (dollars)	Total variable cost (dollars)	Total cost (dollars)
0	0	200	​	​
1	20	​	100	​
2	50	​	​	​
3	60	​	​	​
4	64	​	​	​

The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes?
◦ $200
◦ $300
◦ $400
◦ $500
◦ $600

[medine]

$200

[vicky]

Thanks

[medine]

Welcome

[cdr_15]

Labor (workers)	Output (bikes)	Total fixed costs (dollars)	Total variable cost (dollars)	Total cost (dollars)
0	0	200	​	​
1	20	​	100	​
2	50	​	​	​
3	60	​	​	​
4	64	​	​	​

The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total variable cost of producing 60 bikes?
◦ $200
◦ $300
◦ $400
◦ $500
◦ None of these answers are correct.

[recede]

$300