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Consider a firm that has just built a plant, which cost $20,000. Each worker costs $5.00 per hour. Based on this information, fill in the table below:...

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Consider a firm that has just built a plant, which cost $20,000. Each worker costs  $5.00 per hour. Based on this information, fill in the table below: Number  of  Worker  Hours Output Marginal  Product Fixed  Cost Variable Cost Total Cost Marginal Cost Average Variable Cost Average  Total Cost 0 0 -- 20,000 -- -- -- 50 400 20,250 100 900 20,500 150 1300 20,750 200 1600 21,000 250 1800 21,250 300 1900 21,500 350 1950 21,750
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WEEK 3[1]SP 10-1.doc

Consider a firm that has just built a plant, which cost $20,000. Each worker costs $5.00 per hour. Based on this information, fill in the table below:
Numbe
r of Outpu Margin
t
al Product
Worker...

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