Author Question: Marginal and Average CostsThe table shows the quantity of workers and short-run production for ... (Read 71 times)

amymoore · **on:** Nov 23, 2022

Marginal and Average Costs

The table shows the quantity of workers and short-run production for Huong's Waffles.

Quantity of Workers	Quantity of Waffles per Week
0	0
1	157
2	170
3	176
4	181
5	176

The waffle maker costs $610 and each worker costs $700 per week. Only one waffle maker is needed regardless of the number of employees. If Huong hires 4 workers, what are his fixed costs? What are his variable costs? What is his average cost per waffle? What is the marginal cost?
Please round your final answer to two decimal places.
◦ $2800, $610, $140.00, $18.84
◦ $2800, $610, $18.84, $140.00
◦ $610, $2800, $18.84, $140.00
◦ $610, $2800, $140.00, $18.84

khudija · **Reply #1 on:** Nov 23, 2022

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