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Jennthejelly Jennthejelly
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A year ago
Marginal and Average Costs

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

Quantity of WorkersQuantity of Waffles
per Week
00
1157​
2170​
3176​
4181​
5176​
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
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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Quins184Quins184
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A year ago
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Jennthejelly Author
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A year ago
You make an excellent tutor!
Marctheshark
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Yesterday
Good timing, thanks!
ediblefruitz
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2 hours ago
Thanks
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